Rule which states that similar set of goods and services produced in various countries should have equal price is classified as

A. law of similar mortgage rate

B. law of one type manufacturing

C. law of similar labour rules

D. law of one price

Answer: Option D

Solution(By Examveda Team)

Rule which states that similar set of goods and services produced in various countries should have equal price is classified as law of one price. The law of one price is an economic concept that states that the price of an identical asset or commodity will have the same price globally, regardless of location, when certain factors are considered.