When economists use the term ceteris paribus, they are indicating that
A) the relationship between two economic variables cannot be determined.
B) the analysis is true for the individual but not for the economy as a whole.
C) all other variables except the ones specified are assumed to be constant.
D) their conclusions are based on normative economics rather than positive economic analysis.

Question

Quizplus · Accepted Answer

Ceteris paribus is a Latin phrase meaning "all other things being equal," used to isolate the relationship between two variables by assuming other influencing factors remain constant.

When Economists Use the Term Ceteris Paribus, They Are Indicating