This is also the case for multiple resistance or vulnerability in Level Up.If you're using the 2014 rules, it's in Chapter 9: Combat - Damage and Healing - Damage Resistance and Vulnerability
"Multiple instances of resistance or vulnerability that affect the same damage type count as only one instance. For example, if a creature has resistance to fire damage as well as resistance to all nonmagical damage, the damage of a nonmagical fire is reduced by half against the creature, not reduced by three-quarters."

(Dungeons & Dragons)
Rulebook featuring "high magic" options, including a host of new spells.