A basic assumption used in most economic theories is that:
A) what is true for a part of the whole must also be true for the whole.
B) as price decreases,quantity demanded will decrease.
C) whatever goes up must come down.
D) all other things remain the same.

Question

Quizplus · Accepted Answer

This assumption, also known as ceteris paribus or "all other things being equal," allows economists to isolate the effects of a particular economic variable on the outcome being studied.

A Basic Assumption Used in Most Economic Theories Is That