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A catalytic converter is being tested with a pyrometer. The outlet temperature is 100 degrees Fahrenheit higher than the inlet temperature. What is indicated?
Hybrid Cars
Vehicles powered by a combination of an internal combustion engine and one or more electric motors, utilizing both fuel and electricity.
Consumer Surplus
The gap between what consumers are prepared to pay for a good or service and what they actually do pay.
Binding Price Floor
A minimum price set by the government for certain goods and services that is above the equilibrium price, causing a surplus.
Unwanted Surplus
An excess of goods that exceeds consumer demand, leading to unsold stock and potential waste.
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