Question

look at this sentence: car manufacturers have been investing in new energy technology in hopes that consumers will be willing to pay a premium for more fuel - efficient vehicles. select the definition of premium that the sentence uses. premium \pree - mee - uhm\\ noun pl premiums 1. the amount of money paid for insurance coverage: the davidsons received a notice saying that their health insurance premiums were going up. 2. a higher or unusual cost of something: supermarkets often put a premium on organically grown foods. 3. a superior value: oscar puts a premium on honesty in his relationships. — from latin (praemium)

Explanation:

In the sentence, consumers are expected to pay more for fuel - efficient vehicles. This implies a higher cost. The second definition 'a higher or unusual cost of something' fits this context.

Answer:

1. a higher or unusual cost of something