Economics 9708 · AS & A Level · Economic methodology

Economic methodology — practice question

What is the meaning of the term ‘ceteris paribus’?

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

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI