a. What does the term ceteris paribus mean in this context? that the statement is easy to understand and does not require complex analysis holding all else equal (unchanged) O allowing all economic variables to change that the basic concepts of economics do not apply b. Why, if at all, is the ceteris paribus condition important in economic analysis? It enables the analyst to simultaneously ascertain the roles of all relevant variables in producing a given outcome. It enables the analyst to isolate the role of one variable in producing a given outcome. It is not important