A-LevelEconomicsBasic economic ideas and resource allocation9708/12 · Oct/Nov 2009 · Q21 Mark
What does the concept of ceteris paribus allow economists to do?
Acalculate the monetary value of consumer surplus
Bdistinguish between economic and free goods
Cdistinguish between normative and positive statements
Disolate the effect of one variable on another variable
✓ Correct answer
D: isolate the effect of one variable on another variable
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