Even Though the Purchase of a New, More Efficient Car

question 13

Multiple Choice

Even though the purchase of a new, more efficient car could save a consumer money in the medium to long run, consumers have shown reluctance to make the investment and this is called the

• A) behavioral economics.
• B) energy efficiency gap.
• C) rebound effect.
• D) discount rate.

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Definitions:

Like Terms

In algebra, terms that have the same variable raised to the same power, which can be combined by addition or subtraction.

Simplify

Reducing complexity to achieve clarity in problem-solving or communication.

Operation Indicated

A specific mathematical operation that is suggested or required by the context or problem.

Simplify

To make something less complicated or easier to understand, often by reducing it to its basic elements.