CA Foundation doubt
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Under law of supply ceteris paribus is (question 20)
Asked by Nandini22 Apr 2024491 views
2 answers
Sheetal · 22 Apr 2024
Listen ceteris paribus means constant , all others things become equal suppose lets take an situation of demand if there is a rise in the price of the goods automatically the demand will get decrease as there exists a inverse relationship but all the determinants of demand will remain constant and i.e.. Ceteris paribus
Rohit · 22 Apr 2024
It means keeping all the factors constant other than price
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