On a graph showing the relationship between x and y, the ceteris paribus condition implies that
A)no other variables are related to x and y.
B)the value of x is held constant.
C)other variables not shown are held constant.
D)the value of x and the value of y are held constant.
E)the value of y is held constant.

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase meaning "all other things being equal." In the context of a graph showing the relationship between x and y, it implies that other variables not shown on the graph are held constant to isolate the effect of x on y.

On a Graph Showing the Relationship Between X and Y