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CAIE A-Level Economics AS 1.2.3 Ceteris Paribus Questions

Practise applying ceteris paribus by identifying which economic factors are held constant when analysing demand and other relationships using CAIE Economics AS questions.

Syllabus
2026–2028
Course
Economics 9708
Level
AS

Exam points

  • Explain the ceteris paribus assumption by holding other relevant factors constant when analysing the relationship between two economic variables.

CAIE A-Level Economics AS 1.2.3 Ceteris Paribus Questions question 1

[Maximum number: 1]

The demand for a product is inversely related to its price, ceteris paribus.
What does ceteris paribus mean in this context?

A

Factors affecting demand other than price are held constant.

B

Factors affecting price other than demand are held constant.

C

Price changes result from changes in demand.

D

Price falls result in increased quantity demanded.

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