Question

To study the effect of price on Frank's demand for premium movie channels, economists hold his monthly income constant. This is an example of a(n) ___

Answer 1

The appropriate answer will be "Ceteris paribus ".

Step-by-step explanation:

• This widely commonly utilized expression continues to stand for 'unaffected as well as constant include all stuff.'
• It has been used in economic principles to figure or conquer out the probability of attempting to change 'certain' causes, i.e. focusing on either the basic cause and effect relationship between two continuous variables.

So that the given statement would be the example of Ceteris paribus.