Economy, asked by sampadach11, 1 month ago

explain in brief ceteris paribus assumption of the law of demand​

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Answered by Neethu0411
1

Answer:

As another example, take the laws of supply and demand. Economists say the law of demand demonstrates that ceteris paribus, more goods tend to be purchased at lower prices. Or that, if demand for any given product exceeds the product's supply, ceteris paribus, prices will likely rise.

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