ceteris paribus (Meaning)
Wordnet
ceteris paribus (r)
all other things being equal
Synonyms & Antonyms of ceteris paribus
No Synonyms and anytonyms found
FAQs About the word ceteris paribus
all other things being equal
No synonyms found.
No antonyms found.
When analyzing the impact of price changes on demand, economists often assume ceteris paribus, meaning they hold all other factors constant.
In economic models, ceteris paribus assumptions allow researchers to isolate the effects of specific variables.
Ceteris paribus, an increase in consumer income leads to higher levels of consumption.
The law of demand states that, ceteris paribus, as the price of a good rises, the quantity demanded decreases.
