Business, 23.07.2019 00:30 deedee363

During the summer, the largest computer game retailer has a massive sale. as prices for computer games fall, consumers purchase more games, ceteris paribus. what does the term ceteris paribus mean in this context? that it is an easy to understand statement and does not require complex analysis that the basic concepts of economics do not apply holding all else equal (unchanged) allowing all economic variables to change why, if at all, is the ceteris paribus condition important in economic analysis? it allows the analysis of how a single change affects an economic environment. it is not important. it allows the analysis of how changes in every economic variable at once affects an economic environment.

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