What is ceteris paribus, Microeconomics

Assignment Help:

What is ceteris Paribus? 

Ceteris paribus is a Latin phrase, literally translated as "other things the similar," and usually rendered in English as "all other things being equal." A prediction, or a statement about causal or logical connections among two states of affairs, is qualified by ceteris paribus in order to acknowledge, and to rule out, the possibility of other factors which could override the relationship among the antecedent and the consequent. 

 


Related Discussions:- What is ceteris paribus

Distinguish demand pull-cost push , Distinguish demand pull, cost push and ...

Distinguish demand pull, cost push and imported inflation using graphs where appropriate. What are the likely causes of current inflation in Australia?           Answer Co

Solow-swan model, Consider an economy, in which technological capabilities ...

Consider an economy, in which technological capabilities become obsolete. Use the Solow-Swan model and the knowledge spillover model to explain how its productivity growth rate dep

Disposable personal income, Disposable Personal Income The amount of c...

Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.

Mr and ar, A monopolist''s demand curve is P=100-2q. find his MR function. ...

A monopolist''s demand curve is P=100-2q. find his MR function. at what price is MR zero

Markets, Syndicated and organized oligopoly

Syndicated and organized oligopoly

Indifference curve, what are the properties of indifference curve

what are the properties of indifference curve

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd