Economy, asked by Cosmicexplorer9228, 10 months ago

What is meant by ‘Ceteris Paribus’ assumptions?

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Answered by kanchanrajput942

Answer:

In economics, the assumption of ceteris paribus, a Latin phrase meaning "with other things the same" or "other things being equal or held constant," is important in determining causation. It helps isolate multiple independent variables affecting a dependent variable.

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