"Ceteris paribus" means
A)"invisible hand."
B)"other things constant."
C)"making all the necessary changes."
D)"individual."

Question

Quizplus · Accepted Answer

"Ceteris paribus" means "other things constant." It is a Latin phrase used in economics to describe the assumption that all other variables except the ones being studied are held constant or unchanged. This helps isolate the effects of the variables being studied and make more accurate predictions and explanations.

"Ceteris Paribus" Means