Word forms: 3rd person singular present tense exemplifies, present participle exemplifying, past tense, past participle exemplified verb If a person or thing exemplifies something such as a situation, quality, or class of things, they are a typical example of it.
Law Of One Price. What is the 'Law Of One Price'. The law of one price is the economic theory that the price of a given security, commodity or asset has the same price when exchange rates are taken into consideration. The law of one price is another way of stating the concept of purchasing power parity. The law of one price exists due to arbitrage opportunities.
The law of demand, namely that the higher the price of a good, the less consumers will purchase, has been termed the most famous law in economics, and the one that economists are most sure of.87 To predict consumer behavior, economists use well-defined techniques evaluating the sensitivity of consumers to changes in price.