The term ceteris paribus refers to a:
A) central market price
B) real-world situation in which every variable is held constant
C) hypothetical situation in which some variables are assumed to be constant
D) situation in which only the price is held constant
Correct Answer:
Verified
Q82: A leftward shift of a product supply
Q134: If the government imposes a price control
Q135: A demand schedule is a table showing
Q136: Suppose you make jewellery.If the price of
Q137: A decrease in the number of sellers
Q139: Holding the non-price determinants of supply constant,
Q140: New Zealand sphagnum moss is an input
Q141: If the supply curve shifts left but
Q142: The intersection of the demand and supply
Q143: Suppose at the current price of sugar,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents