question ryan is studying the effects of income on the demand for jewelry. which factors are held constant…
question ryan is studying the effects of income on the demand for jewelry. which factors are held constant when using the ceteris paribus assumption? select the correct answer below: income all factors affecting demand besides income all factors affecting demand demand
Answer
Brief Explanations:
In economic analysis using ceteris paribus (all other things being equal), when studying the effect of one factor (here income) on demand, all other factors affecting demand are held constant.
Answer:
all factors affecting demand besides income