Answer
b - ceteris paribus
Work Step by Step
Ceteris Paribus is the basis of a valid comparison between two variables: other variables must be held constant to ensure the differences observed can be attributed to the variables being compared.
Microeconomics: Principles, Applications, and Tools (8th Edition)
by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen
Published by
Prentice Hall
ISBN 10:
0-13294-886-9
ISBN 13:
978-0-13294-886-9
Chapter 1 - Introduction: What Is Economics? - Exercises - 1.3 The Economic Way of Thinking - Page 14: 3.3
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
