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Economics (AS & A Level) · May / June 2021 · Paper 11 · Question 4

9708Economic methodology

What does the phrase ‘ceteris paribus’ mean?

  1. AAll the resources used are of equal quality.
  2. BEverything else remains unchanged.
  3. CThe price mechanism rations scarce goods.
  4. DThe variable under consideration is held constant.

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Correct answer: B. Everything else remains unchanged.

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