What phrase do economists use to describe the assumption that everything else about a situation stays the same,while one variable,such as price,changes?

Name: What phrase do economists use to describe the assumption that everything else about a situation stays the same,while one variable,such as price,changes?
Brand: Quizplus
Rating: 4.9 (54 reviews)

Question

Quizplus · Accepted Answer

The implicit assumption that everything else about a buying situation stays the same when the price changes is called ceteris paribus, meaning all other things equal.

What Phrase Do Economists Use to Describe the Assumption That