In the equation E=hc/λ, the "c" represents the speed of light in a vacuum, which is always 3x10^8 m/s. When considering light in a medium, the refractive index must be taken into account, as it affects the phase velocity but not the energy of individual photons. The relationship between wavelength and energy does not imply that energy increases when wavelength decreases in a refractive medium. The discussion highlights the distinction between quantum mechanics and electromagnetic wave models, suggesting that E=hf is a more universally applicable formula. Understanding these nuances is essential for accurately interpreting light behavior in different contexts.