Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
Ceteris paribus implies that only price and quantity will change assuming all the other factors to be constant. Ceteris paribus, which roughly translates to "all other things being equal," is a Latin expression.
When all other variables are held constant, it serves as a concise indication in economics of the impact one economic variable has on another. One can never rely on ceteris paribus- "all other things being equal" in reality.
To describe relative market trends and to create and evaluate economic models, many economists rely on ceteris paribus. Ceteris paribus presents the issue of isolating what is causing change by holding all other variables constant.
To learn more about ceteris paribus, click here
https://brainly.com/question/13864080
#SPJ4
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.
