The term "ceteris paribus" means that: A. everything is variable. B. all variables except those specified are constant. and which will remain constant. C. no one knows which variables will change D. what is true for the individual is not necessarily true for the whole.

Question

Steve Harrell

Business

5 May, 05:27

The term "ceteris paribus" means that: A. everything is variable. B. all variables except those specified are constant. and which will remain constant. C. no one knows which variables will change D. what is true for the individual is not necessarily true for the whole.

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Answers (1)

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Lia Horn · Answer 1

B. all variables except those specified are constant

Explanation:

Ceteris paribus is a latin phrase that means "holding other things constant," is normally used in economics to indicate the effect one economic variable has over another one.

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