How does ceteris paribus relate to demand

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Enzo Rosario

11 March, 08:37

How does ceteris paribus relate to demand

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Answers (2)

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Taniyah Guzman · Answer 1

Ceteris Paribus allows the demand curve to exist as a constant without variables other than price affecting it.

Explanation:

Ceteris paribus is an extension of scientific modeling. The scientific method is built on identifying, isolating, and testing the impact of an independent variable on a dependent variable.

Gunner Munoz · Answer 2

It allows the demand curve to exist as a constant without variables other than price affecting it.