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In constructing there theories, economists use the term "ceteris paribus" which means:______.
a. that economics deals with facts, not values.
b. that if event A precedes event B, A has caused B to occur.
c. prosperity inevitably follows recession.
d. other things being equal.

Answer :

Answer:

d. other things being equal

Explanation:

"Ceteris Paribus" refers to a latin phrase which means other things remaining equal.

The term is used to convey the constancy of other variables while establishing a relation between factors.

For instance, in the law of demand, ceteris paribus is used to convey factors other than price being constant.

The term is often used to convey cause- effect relationship between parameters.

In economic context, the term conveys the effect one variable casts over another.

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