What is the Ceteris Paribus assumption, and why is this assumption very important in the definition of

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What is the Ceteris Paribus assumption, and why is this assumption very important in the definition of Demand or Supply?

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Principles of Economics

ISBN: 978-1285064437

7th edition

Authors: Fred M. Gottheil

Question Posted: Nov 22, 2017 08:22 AM

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What does the ceteris paribus assumption mean?
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What is the Ceteris Paribus assumption, and why is this assumption very important in the definition of

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A ceteris paribus assumption is often fundamental to the predictive purpose of scientific inquiry In order to formulate scientific laws it is usually ...View the full answer

Principles of Economics

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