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

Natural monopoly, Introduction for a natural monopoly assignment

Introduction for a natural monopoly assignment

Ppc , two countries workland and playland have similar population and ident...

two countries workland and playland have similar population and identical production possibilities curves but diffrefences . the procuction possibilities combination are as follows

Find the marginal utilities, An individual derives utility from consuming g...

An individual derives utility from consuming goods X and Y according to the following estimated utility function U = 12X 2/3 Y ¼       X and Y are quantities (units) of

International economics., How has the Haberler''s theory of opportunity cos...

How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade

Indifference curve, What is indifference curve and its properties?

What is indifference curve and its properties?

Schrodinger wave equation, The Schrodinger wave equation generalizes the fi...

The Schrodinger wave equation generalizes the fitting-in-of-waves procedure. The waves that "fit" into the region to which the particle is contained can be recognized "by inspect

Discount rate, Discount Rate The term discount rate relates to ...

Discount Rate The term discount rate relates to business valuations. It is the rate applied to a future torrent of making an income or cash flow to measure its represen

Applyimg supply/denabde due to illness and hospital :), If a 10% increase ...

If a 10% increase in the price of computers leads to a 20% reduction in the quantity demanded, what is the coefficient of demand elasticity? 2. A local government wants to increase

Micro economics, what is the theory of second best? prove the theorem with ...

what is the theory of second best? prove the theorem with the help of a diagram.

What are the three basic economic questions, What are the "three basic econ...

What are the "three basic economic questions" that economists often address when examining how much economic output is formed? The three basic questions are: a) what is prod

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