Economists use the term ceteris paribus to indicate that

A) supply and demand are in balance.
B) other things are assumed to be constant.
C) the analysis is true for the individual but not for the economy as a whole.
D) their conclusions are based on normative economics rather than positive economic analysis.

Ceteris Paribus

A phrase in Latin that translates to "everything else being constant," utilized in the field of economics to single out the impact of a specific variable while keeping the remainder of relevant elements unchanged.

Economic Analysis

The systematic study and examination of economic data or policies to understand or evaluate their impact on the economy.