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The ceteris paribus assumption is reflected in the following statement ______. Group of answer choices To study how changes in the price of an oil
The ceteris paribus assumption is reflected in the following statement ______. Group of answer choices To study how changes in the price of an oil change affect the quantity demanded from customers, we must hold all other factors that affect the demand for oil change constant. To study how changes in the price of milk affect the quantity supplied from farmers, we must hold all other factors that affect the supply for milk unchanged. To study how changes in the price of a good or service affect the quantity demanded from customers, we only need to hold one of the other factors that affect the demand for that good or service unchanged. To study how changes in the price of milk affect the quantity supplied from farmers, we should hold constant the prices of all dairy products. Both A and B
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