The law of one price states that
a. a good must sell at the price fixed by law.
b. a good must sell at the same price at all locations.
c. a good cannot sell for a price greater than the legal price ceiling.
d. nominal exchange rates will not vary.
b
Economics
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Households pay firms for goods and serivces. Firms supply households with goods and services. The purchase and supply of goods and services takes place in the
a) product market b) factor market c) after market d) traditional market
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If a trader is short in the cash market, she has the capability to deliver a commodity
a. true b. false
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