Gas prices rise pennies at a time, triggering little change to driving habits. However, at some point the price becomes so high that large numbers of people begin to change their behavior. This point is called the
A)price point.
B)maximum point.
C)tipping point.
D)supply and demand imbalance.

Question

Quizplus · Accepted Answer

The term "tipping point" refers to the moment when a series of small changes or incidents becomes significant enough to cause a larger, more important change. In the context of gas prices, it describes the threshold beyond which the gradual increase in prices leads to a significant change in consumer behavior, such as reducing driving or seeking alternative modes of transportation.

Gas Prices Rise Pennies at a Time, Triggering Little Change