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Economics (AS & A Level) · May / June 2022 · Paper 13 · Question 12

9708Economic methodology

What does the assumption 'ceteris paribus' mean when economists analyse the way in which the quantity demanded of a good changes?

  1. AChanges in quantity demanded can cause changes in any of the other variables.
  2. BConsumer preferences are always assumed to remain unchanged.
  3. COnly one variable is assumed to change while the others remain the same.
  4. DSeveral variables change simultaneously.

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Correct answer: C. Only one variable is assumed to change while the others remain the same.

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