Ceteris paribus means
A) making all the necessary changes.
B) other things constant.
C) the assumption of rational behavior
D) as realistic as it can be

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase that means "other things being equal" or "all other things remaining the same." It is commonly used in economics to isolate the effect of one variable on another by holding all other variables constant. Therefore, choice B "other things constant" is the most appropriate answer.

Ceteris Paribus Means