A small change in a relevant variable is:
A) an average change.
B) an efficient change.
C) a marginal change.
D) a ceteris paribus change.

Name: A small change in a relevant variable is: A) an average change. B) an efficient change. C) a marginal change. D) a ceteris paribus change.
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Question

Quizplus · Accepted Answer

A small change in a relevant variable is a marginal change, which is a small incremental change in a specific variable while holding all other variables constant (ceteris paribus).

A Small Change in a Relevant Variable Is