Which one of the following statements is correct? A. We cannot analyse demand without using the ceteris paribus assumption. B. Ceteris paribus means that all possible changes are taken into account. C. With the ceteris paribus assumption we can allow at least three changes to occur simultaneously. D. With the ceteris paribus assumption everything is changing at the same time. E. The ceteris paribus assumption applies to demand schedules but not to demand curves.

Which one of the following statements is correct? A. We cannot analyse demand without using the ceteris paribus assumption. B. Ceteris paribus means that all possible changes are taken into account. C. With the ceteris paribus assumption we can allow at least three changes to occur simultaneously. D. With the ceteris paribus assumption everything is changing at the same time. E. The ceteris paribus assumption applies to demand schedules but not to demand curves.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter5: Markets In Motion And Price Controls

Section: Chapter Questions

Problem 10P

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