The ceteris paribus assumption means A. more is better. B. other things equal. C. people respond to incentives. D. all people are rational.

Question

Saniyah Maddox

Social Studies

14 November, 00:57

The ceteris paribus assumption means A. more is better. B. other things equal. C. people respond to incentives. D. all people are rational.

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Answers (1)

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Daniela Abbott · Answer 1

Answer: b) other things equal

Explanation:

Ceteris paribus means all other things being equal. This statement is majorly used in discussion to ascertain the fact that the decision that is about to be made will not affect other decisions that has already been made.