The term Ceteris paribus means that:
A) everything is changing.
B) all other things remain unchanged.
C) no one knows which variables will change and which will remain constant.
D) the basic principle of economics do not apply to the case being considered.

Question

Quizplus · Accepted Answer

Ceteris paribus means "other things being equal" or "all other things remaining unchanged." This is a commonly used assumption in economics to isolate the effect of a single variable while holding all other variables constant.

The Term Ceteris Paribus Means That