The term ceteris paribus means
A) the greatest good for all.
B) the study of scarcity and choice.
C) all other things remaining constant or equal.
D) value-free and testable.

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase that means "other things being equal or constant" and is often used in economics as a metric to measure the impact of a particular variable or factor while holding all other factors constant. Hence, the correct answer is C, i.e., all other things remaining constant or equal.

The Term Ceteris Paribus Means