Two goods are called perfect substitutes
for a consumer if the consumer would always be willing to give
up one unit of one good for a fixed number of units of the other
good, and keep his utility fixed. Also
see substitutes and homogeneous.
© 1999-2014, Glossary Copyright
© 2003, Dr. T's Network. All Rights Reserved.
Contact Us - Submit
a Link - Advertising Information
- Disclaimer - Privacy
Statement - FAQ - Link
to Us! - Associates