Question

The term "other things equal" means that:

Answer 1

Answer:

Answer is C. A number of relevant variables are assumed to be constant.

Explanation:

The term "other things equal" is a Latin term "ceteris paribus". This term is very important in economics because it has solved the issue of having difficulty in isolating different variables that may change the outcome of ones study. That is, independent variables that are affecting dependent variables.