In View of the Fact That PPP Is the Manifestation

Multiple Choice

In view of the fact that PPP is the manifestation of the law of one price applied to a standard commodity basket,

A) it will hold only if the prices of the constituent commodities are equalized across countries in a given currency.
B) it will hold only if the composition of the consumption basket is the same across countries.
C) both a and b
D) none of the above