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Concept Version 7
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Mapping Preferences with Indifference Curves

Perfect Substitute Indifference Curve

Perfect Substitute Indifference Curve

In this particular series of indifference curves it is clear that 'Good X' and 'Good Y' are perfect substitutes for one another. That is to say that the utility of one is identical to the utility of the other across all quantities represented on the map.

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    http://upload.wikimedia.org/wikipedia/commons/5/5e/Indifference-curves-perfect-substitutes.svg CC BY-SA.

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