In general, the term "ceteris paribus" means
A. all else equal
B. holding everything else variable
C. unsettled mathematical paradigms
D. Both A and B
Ans: A. all else equal
Economics
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If the government raises the tax on cigarettes, what is the effect on people's incentives and choices?
What will be an ideal response?
Economics
Which of the following is NOT an application of supply and demand analysis?
A) Understanding changing world economic conditions and their effects on prices B) Evaluating the effects of government price controls on the agricultural industry C) Determining how taxes affect aggregate consumption spending patterns D) all of the above E) none of the above
Economics