The term, ceteris paribus, in economics means:

Question

Quizplus · Accepted Answer

The term ceteris paribus means holding all else constant, indicating that the economic analysis is done while assuming that all other variables except for the ones being analyzed remain unchanged. It helps to isolate the variables being studied to understand their effects on the economy. A is incorrect because prices may change in an economic analysis, and B is incorrect because a graph can have multiple variables plotted on it. D is also incorrect as it refers to a specific state of balance in an economic system, rather than a method of analysis.

The Term, Ceteris Paribus, in Economics Means