1) According to what economists call the "law of one price". A) the price of a piven produd will never be equal in two different markets because of differences in the patterns of demand. 1j the lower the costs to move a product from one market to the other, the more equal the prices for the salbe product when it is sold in different markets. () the world price of a commodity is established by the country with the highest relative demand for that product without respect to the evel of production. Dj the world price of a commodity is established by the country with the highest opportunity cost in producing the product. without respect to the domestic or would demand for the product Fillet price of a specific product will be the time in any two markets in which the cost of labour is the same