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Question
Ceteris paribus means ______.
Options
Holding supply constant
Holding demand constant
Price being constant
Other factors being constant
MCQ
Fill in the Blanks
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Solution
Ceteris paribus means other factors being constant.
Explanation:
Ceteris paribus means “other things being equal or that other relevant factors are held constant. It does not specifically mean holding supply, demand or price constant.
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