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- ceteris paribus conditions Flashcards
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- Microeconomics, Chapter 1 Flashcards
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- Ceteris Paribus Flashcards
expectations of a future price change. cost of production....
- ceteris paribus conditions Flashcards
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When using ceteris paribus in economics, one assumes that all other variables except those under immediate consideration are held constant. [5] For example, it can be predicted that if the price of beef increases—ceteris paribus—the quantity of beef demanded by buyers will decrease.
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28 Ιουν 2024 · Ceteris paribus is a Latin phrase that generally means "all other things being equal." In economics, it acts as a shorthand indication of the effect one economic variable has on another,...
17 Μαρ 2017 · The term "ceteris paribus" is often used in economics to describe a situation where one determinant of supply or demand changes while all other factors affecting supply and demand remain unchanged.
