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 states that consumers purchase more goods when the price is low and less when the price is high. The law says that the quantity demanded and the price of a commodity is inversely related, meaning higher demand-lower price and vice versa; but the catch is that all other factors must remain constant.