Ceteris paribus means
A)"all variables are independent."
B)"other things being equal."
C)"some assumptions must be accepted without proof."
D)"some theories are not rational."

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase that means "other things being equal." It is often used in economics and other social sciences to refer to a situation where all variables except for one are held constant or controlled, in order to isolate the effects of that one variable.

Ceteris Paribus Means