Examlex
The ________ is a living document that will change as products and the business realities change.
Ceteris Paribus Assumption
The assumption used in economics that all other variables are held constant when analyzing the effect of one variable on another.
Behavioral Assumption
An assumption that describes the expected behavior of economic decision makers, what motivates them.
Ceteris Paribus Assumption
A Latin phrase meaning "all other things being equal", used in economics to isolate the effect of one variable change by holding other relevant factors constant.
Other-Things-Constant Assumption
An assumption in economics that all other variables remain unchanged or constant except those under immediate consideration.
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