The assumption that allows an economist to simplify the market place by allowing only one factor to change?

1 ⤊

while all otherfactors remain constant is known as:
1, self best interest
2. ceteris paribus
3. opportunity cost
4.rationality

2007-02-18 14:29:07 · 2 answers · asked by dora p 1 in Social Science ➔ Economics

The answer is 2. Ceteris parabus is latin for all else equal, meaning that you allow one factor to change and hold all the others equal.

2007-02-18 15:35:18 · answer #1 · answered by theeconomicsguy 5 · 1⤊ 0⤋

2 Ceteris Paribus (translation: all other things equal)

2007-02-21 14:10:30 · answer #2 · answered by MSDC 4 · 0⤊ 0⤋