When economists want to hold a number of factors constant, they are demonstrating which of the following expressions?
A) Positive economics model.
B) Consumer sovereignty.
C) Ceteris paribus .
D) Normative economics.

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase meaning "all other things being equal." It is used in economics to hold certain variables constant while analyzing the relationship between other variables. This allows economists to isolate and study the impact of specific variables on outcomes without other variables interfering.

When Economists Want to Hold a Number of Factors Constant