Solve Assume the Exercise Describes a Linear Relationship $\$ 19,500$ In 2007 and Depreciated To

question 58

Multiple Choice

Solve. Assume the exercise describes a linear relationship.
-The average value of a certain type of automobile was $\$ 19,500$ in 2007 and depreciated to $\$ 13,200$ in 2012. Let $y$ be the average value of the automobile in the year $x$ , where $x = 0$ represents 2007 . Write a linear equation that models the value of the automobile in terms of the year $x$ .

• A) \(y = - 1260 x + 19,500\)
• B) \(y = - \frac { 1 } { 1260 } x - 13200\)
• C) \(y = - 1260 x + 13,200\)
• D) \(y = - 1260 x + 6900\)

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Definitions:

Feelings Generated

The emotions or sensations produced in response to stimuli or experiences.

Cognitive Dissonance

A psychological state of having inconsistent thoughts, beliefs, or attitudes, especially relating to behavioral decisions and attitude changes.

Sense of Consistency

The drive or need for individuals to ensure their beliefs, attitudes, and behaviors are coherent and aligned to avoid cognitive dissonance.

Psychological Price

Pricing strategy that leverages consumer psychology, often using pricing just below a whole number (e.g., $1.99) to increase appeal.