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.
1 Therefore, a one percent increase in price will result in a .25 percent decrease in quantity demanded. 2  This wine is relatively inelastic when the price is $20. 3  When the price is $50, the elasticity of demand is -1. 4  Therefore, a one percent increase in price will result in a 1 percent decrease in quantity demanded.