In evaluating a relationship between x and y, ceteris paribus means other variables
A) are not relevant to x and y.
B) move in opposite directions to x and y.
C) are not changing while x and y change.
D) move in the same direction as x and y.

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase meaning "all other things being equal," used in economics to denote a situation where all variables except those under immediate consideration are held constant.

In Evaluating a Relationship Between X and Y, Ceteris Paribus