Solved

The Law of One Price Is

Question 114

Multiple Choice

The law of one price is


A) the principle that to be competitive, a company must offer its product at only one price.
B) a principle suggested by Canadian economists that means that all products in a given economy should be sold for the same price.
C) that the supply and demand of a product must not alter its price.
D) a principle that identical products should sell for the same price in all countries.
E) if a retailer puts an item on sale, all other retailers must match their price for consumers.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents