Author Question: Ceteris paribus means: a. an association of variables. b. all other things remain constant. c. a ... (Read 37 times)

mydiamond · **on:** Jun 30, 2018

Ceteris paribus means:
a. an association of variables.
b. all other things remain constant.
c. a cause and effect relationship.
d. considering the influences of other variables.

Question 2

If the price of a textbook rises and then students purchase fewer textbooks, an economic model can show a cause-and-effect relationship only if which of the following conditions holds:
a. students' incomes fall.
b. tuition decreases.
c. the number of students increases.
d. everything else is constant.
e. the bookstore no longer accepts used book trade-ins.