"If the Price of Home Heating Oil Rises, Ceteris Paribus

Multiple Choice

"If the price of home heating oil rises, ceteris paribus, people will buy less home heating oil." This statement is equivalent to which of the following?

A) The relationship between the price of home heating oil and the amount of oil households purchased are independent of each other.
B) If the price of home heating oil rises and every thing else remains constant, the amount of home heating oil households purchase will decrease.
C) As the prices for all products including home heating oil rise, people buy less home heating oil.
D) Because the only way to heat a home is with oil, if the price increases, then households will purchase less.
E) No matter what else changes, if the price of home heating oil rises, people will buy less home heating oil.