Editions for The Practical Skeptic: Readings in Sociology: 0073404438 (Paperback published in 2010), 0767420780 (Paperback published in 2001), 0078026881... Editions for The Practical Skeptic: Readings in Sociology: 0073404438 (Paperback published in 2010), 0767420780 (Paperback published in 2001), 0078026881... Home My Books
Ceteris paribus or caeteris paribus is a Latin phrase meaning with other things the same or all or other things being equal or held constant or  all other things being equal  or  all else being equal .
The elasticity of demand (Ed) , also referred to as the price elasticity of demand, measures how responsive demand is to changes in a price of a given good. More precisely, it is the percent change in quantity demanded relative to a one percent change in price, holding all else constant (ceteris paribus). Demand of goods can be classified as either perfectly elastic, elastic, unitary elastic, inelastic, or perfectly inelastic based on the elasticity of demand.