Economists use the phrase ceteris paribus to express the assumption
A) "all else equal."
B) "everything affects everything else."
C) "scarcity is a fact of life."
D) "there is no such thing as a free lunch."

Question

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Ceteris paribus is a Latin phrase that means "all else equal." Economists use it to analyze the effect of one variable on another, holding all other variables constant.

Economists Use the Phrase Ceteris Paribus to Express the Assumption