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The importance of the ceteris paribus assumption is that it:______.
a. allows one to generalize from the whole to the individual.
b. allows one to analyze the relationship between two variables apart from the influence of other variables.

Respuesta :

Answer:

b. allows one to analyze the relationship between two variables apart from the influence of other variables.

Explanation:

Ceteris Paribus means 'other things being constant'.

This implies study of relationship between two variables, other factors being constant.

Example : Law of demand states negative relationship between price & quantity demanded, other factors being constant.

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