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 standard presentation of a supply curve has price given on the Y-axis and quantity supplied on the X-axis. The Law of Supply: The law of supply states that, ceteribus paribus (latin for 'assuming all else is held constant'), the quantity supplied for a good rises as the price rises.