Two Goods Are Perfect Substitutes If They Have Right-Angle Indifference

question 17

True/False

Two goods are perfect substitutes if they have right-angle indifference curves.

---

Definitions:

Astraptes Fulgerator

A species complex of butterflies, previously thought to be a single species, showcasing cryptic species diversity.

Stable Ecotype Model

Stable ecotype model is a species concept constructed for microbes in particular. In this model, a species is a long-lived population of genetically related individuals that share a stable set of adaptations for the same ecological niche.

Microbial Species

Categories of microorganisms, such as bacteria, archaea, and fungi, defined by specific genetic characteristics.

Ecological Speciation

Ecological speciation is the evolution of reproductive barriers between populations by adaptation to different environments or ecological niches.