Ceteris paribus, if a student could either earn money tutoring or working as a server in a restaurant, then increases to the wages paid for serving will

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01-03-2022
Computers and Technology

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Ceteris paribus, if a student could either earn money tutoring or working as a server in a restaurant, then increases to the wages paid for serving will

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Martebiidn Martebiidn · Answer 1 · 2022-03-07T04:48:47-05:00

If a student could either earn money tutoring, then increases to the wages paid for serving will Increase the quantity of hours the student would serve.

What is ceteris paribus?

This is a term that connotes when all other things being equal. The word Ceteris paribus is known to be a Latin phrase that totally means "all other things being equal."

In economics, it is known to be a shorthand factor that shows the effect one economic variable is said to have on another, given that all other variables remain the same as in the case above.

See options below

A. increase the quantity of hours the student would serve.

B. decrease the quantity of hours the student would serve.

C. increase the quantity of hours the student would tutor.

D.not change the quantity of hours the student would serve.

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What is ceteris paribus?

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