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17 January, 08:45

How does ceteris paribus relate to demand

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  1. 17 January, 08:47
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    Ceteris Paribus allows the demand curve to exist as a constant without variables other than price affecting it.

    Explanation:

    Ceteris paribus is an extension of scientific modeling. The scientific method is built on identifying, isolating, and testing the impact of an independent variable on a dependent variable.
  2. 17 January, 08:47
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    It allows the demand curve to exist as a constant without variables other than price affecting it.
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