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.
Law of Demand. The law of demand explains the relationship between change in quantity demanded and change in price. It states that higher the price lower will be the quantity demanded in the market: and the lower the price, the higher would be the quantity demanded in the market. In other words, the law of demand says that the price and quantity demanded are inversely related, all other things being equal. Assumptions' of law of demand: 1). Customer income level should remain constant in all times. 2). Tastes and preference of consumers should not change. 3). Prices of other goods should remain constant. 4).