Ceteris paribus means
A) "one variable too many."
B) "the correct relationship specified."
C) "assuming economic motives."
D) "all other things constant" or "nothing else changes."

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase that means "all other things constant" or "nothing else changes." It is often used in economics to describe a situation where we analyze the impact of a specific variable while holding all other variables constant. This allows us to isolate the relationship between the two variables we are interested in, without the complication of other factors that could be affecting the outcome.

Ceteris Paribus Means