alleryMatch ceteris rule: 1. Ceteris: p. Paribus 2. Hold: q. Constant 3. Qty: r. Inverse
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
The law of demand strictly requires ceteris paribus, holding all non-price determinants constant to isolate the inverse price relationship.
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