The term ceteris paribus is an assumption that economists use implying:
A) all else is equal.
B) to the victor go the spoils.
C) nothing can be said to be certain except death and taxes.
D) the market is always efficient.

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase that means "all other things being equal." Economists use this assumption to isolate the effect of one economic variable from the rest, making it easier to understand the relationship between variables.

The Term Ceteris Paribus Is an Assumption That Economists Use