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Q: Why do economist often use the ceteris paribus assumption when making decisions?
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Why do economist used ceteris paribus?

Economists used ceteris paribus to separate cause and effect by holding all other things constant.


The ceteris paribus assumption is used in economics?

yes


What is the importance of ceteris paribus assumption in economic?

Balls Deep


What is the ceteris paribus assumption?

Ceteris paribus is a Latin phrase used widely in economics. It assumes that all things are equal, excluding outside variables.


What is the meaning is the phrase ceteris paribus to an economist?

It means "everything else being equal". Not just to an economist, BTW


What the meaning of the phrase ceteris paribus to an economist?

It means "everything else being equal". Not just to an economist, BTW


What is the name of the assumption that means holding all things constant?

ceteris paribus


What does ceteris paribus mean to an economist in reference to a condtion that almost never happens?

all things being equal


The Latin expression ceteris paribus means?

Ceteris Paribus means "assuming all else is held constant". The author using ceteris paribus is attempting to distinguish an effect of one kind of change from any others.Index from: http://economics.about.com/od/termsbeginningwithc/g/ceteris_paribus.htm


Ceteris paribus or all other things held constant is an assumption that has what effect on a demand schedule?

It takes only prices into account.


Ceteris paribus or all other things held constant is an assumption that has what effects on demand schedule?

It assumes only prices will change. -458 :D


Is holding other variables constant called ceteris paribus?

Ceteris paribus does translate into meaning "all other things being equal or held constant.