'Ceteris Paribus' is a Latin phrase that generally means:

CA Foundation · Business Economics · PYQS · January 2025
'Ceteris Paribus' is a Latin phrase that generally means:
(A) A. All other things being equal
(B) B. An inverse relationship
(C) C. income of consumers
(D) D. tastes and preferences of consumers

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. All other things being equal

Topics: Theory of Demand and Supply

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