Question

What does the term "ceteris paribus" mean in relation to the Law of Demand?

विकल्प

• All factors change together

• Only price changes; other factors remain constant

• Income and tastes change

• Price does not affect demand

Answer 1

Only price changes; other factors remain constant

Explanation:

"Ceteris paribus" means that all other factors remain constant except the price, allowing the Law of Demand to be observed directly.