The Latin phrase ceteris paribus means that when a relationship between two variables is being studied
A) both are treated as unpredictable.
B) neither of those two variables is allowed to change.
C) all other variables are held fixed.
D) we recognize that some factors are unknown.

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase that translates to "all other things being equal." In economics and other social sciences, it is used to indicate that when examining the relationship between two variables, all other variables are held constant or unchanged. This assumption allows for the isolation of the effects of the variables being studied.

The Latin Phrase Ceteris Paribus Means That When a Relationship