Examlex
Which of the following points about our planet's atmosphere is FALSE?
Substitution
The economic principle that as the price of a good or service increases, consumers are likely to replace it with a cheaper alternative.
Consumer
An individual or group that purchases goods and services for personal use.
Indifference Curves
A graphical representation showing combinations of two goods that give a consumer equal satisfaction and utility, reflecting preferences.
Perfect Substitutes
Goods or services that can be used in exactly the same way, such that the consumer is indifferent between one and another.
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