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ceteris paribus
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Published on Nov 18, 2015
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1.
ceteris paribus
All other things held constant
2.
Real Life economics
If demand drops then prices will fall to meet demand.
3.
Examples
When counting how much pizza you'd sell if everything else was constant
4.
Untitled Slide
5.
Examples
increase the price of beef will result,less beef being sold to consumers.
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