The ceteris paribus assumption means A. more is better. B. other things equal. C. people respond to incentives. D. all people are rational.

Question

Social Studies

Nathan Conrad

16 March, 11:23

The ceteris paribus assumption means A. more is better. B. other things equal. C. people respond to incentives. D. all people are rational.

+2

Answers (1)

Know the Answer?

Darwin Zuniga · Answer 1

Answer: b) other things equal

Explanation:

Ceteris paribus means all other things being equal. This statement is majorly used in discussion to ascertain the fact that the decision that is about to be made will not affect other decisions that has already been made.