The Latin term ceteris paribus means
A) after this, therefore because of this.
B) other things being equal.
C) what is correct for the part, is not correct for the whole.
D) on the margin.
E) when one variable increases, the other variable decreases.

Question

Quizplus · Accepted Answer

The Latin term ceteris paribus means "other things being equal." It is often used in economic analysis to isolate the effect of a specific variable by assuming that all other variables remain constant.

The Latin Term Ceteris Paribus Means