Question

what is ceteris peribus demand function?​

Answer 1

Answer:

In summary, ceteris paribus is the commonly used Latin phrase meaning 'all other things remaining constant. ' The concept of ceteris paribus is important in economics because in the real world, it is usually hard to isolate all the different variables that may influence or change the outcome of what you are studying.

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Answer 2

Answer:

In summary, ceteris paribus is the commonly used Latin phrase meaning 'all other things remaining constant. ' The concept of ceteris paribus is important in economics because in the real world, it is usually hard to isolate all the different variables that may influence or change the outcome of what you are studying.

Explanation:

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