Ceteris Paribus: This expression means all other things held constant. It is used by economists to allow for a proper explanation of a situation. Price Theory Demand Table Demand Schedule.

Ceteris Paribus is a Latin expression meaning "all other things held constant." It is used by economists to allow for a proper explanation of a situation by isolating the effect of one variable while assuming all other relevant factors remain unchanged.

The quantity demanded of a good or service is defined as the quantity of that good or service consumers are willing to buy at a particular price at a particular point in time.