The Latin phrase "ceteris paribus" is used by economists to mean
A) "all other things being equal" or "all other things held constant".
B) all is lost.
C) freedom is better than regulation.
D) the only constant is change.
Correct Answer:
Verified
Q6: Ceteris paribus is Latin for
A)all is lost.
B)at
Q7: The quantity demanded is the amount households
Q8: The amount of money that must be
Q9: The underlying reason for the upward sloping
Q10: At the equilibrium price
A)quantity demanded exceeds quantity
Q12: The group of people who are willing
Q13: Ebay does not qualify as a market
Q14: The mechanism by which buyers and sellers
Q15: The amount consumers are willing and able
Q16: Economists know that consumers and producers are
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