What Does the Law of One Price State

question 76

Multiple Choice

What does the law of one price state?

• A) A good cannot be sold at a black market price.
• B) A good must sell at the price fixed by law.
• C) A good must sell at the same price at all locations.
• D) A good cannot sell for a price greater than the legal price ceiling.

---

Definitions:

Gradual Over Time

Refers to slow and steady changes or developments that happen progressively over a period.

Vulnerable

Refers to the state of being open to harm, damage, or attack either physically, emotionally, or psychologically.

Executive Control System

A cognitive process responsible for planning, problem-solving, and goal-directed behaviors, often related to the functioning of the prefrontal cortex.

Visuospatial Sketchpad

A component of the working memory model that processes visual and spatial information, allowing for the manipulation of images and spatial data in the mind.