Define exemplify. exemplify synonyms, exemplify pronunciation, exemplify translation, English dictionary definition of exemplify. tr.v. exÂ·emÂ·pliÂ·fied , exÂ·emÂ·pliÂ·fyÂ·ing , exÂ·emÂ·pliÂ·fies 1. a. To illustrate by example: exemplify an argument. b. To serve as an example of: scenes that...
The law of increasing costs, a commonly held economic principle, states that an operation running at peak efficiency and fully utilizing its fixed-cost resources, will experience a higher cost of production and decreased profitability per output unit with further attempts at increasing production.
  If demand remains constant and supply decreases, then the price will rise. The law of supply and demand says that a price will move either up or down based on the bala â¦ nce of supply and demand.As the supply decreases, prices will move higher because the product is more scarce. If demand remains constant and supply decreases, then the price will rise. The law of supply and demand says that a price will move either up or down based on the bala â¦ nce of supply and demand.