The term ceteris paribus means that
A) all important variables in the real world are considered
B) all factors that influence the event are changing at the same time
C) everything else is being held constant
D) everything, except one influence, is changing
E) the consumer is king

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase that means "all other things being equal" or "holding other things constant." It is used in economics and other disciplines to isolate the effect of one variable from others, by assuming that all other relevant factors remain unchanged.

The Term Ceteris Paribus Means That