According to the law of one price, identical goods sold-

SELECT A LABELat different timesin different locationsless expensivecurrency exchangeproductionmore expensivetrade barriersmovement between locations

must sell for the same price, except for costs associated with-

SELECT A LABELat different timesin different locationsless expensivecurrency exchangeproductionmore expensivetrade barriersmovement between locations

.Those costs reflect-

SELECT A LABELat different timesin different locationsless expensivecurrency exchangeproductionmore expensivetrade barriersmovement between locations

and the cost of shipping. According to the law of one price, if the price of a good in one location does not match the price of the same good in a different location, sellers will increase supply in the location where the good is-

SELECT A LABELat different timesin different locationsless expensivecurrency exchangeproductionmore expensivetrade barriersmovement between locations

until prices in both locations are equal.