Economics (M.Phil./Ph.D.) 2015 Panjab University Entrance Exam With Answers

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45.

Ceteris Paribus is used in economics when :

A: Two variables are possitively related
B: Two variable are negatively related
C: The value of an independent variable affecting the dependent variable is held constant
D: The value of a dependent variable affecting the independent variable is held constant

The answer is: C