Question

According to the law of demand, price and quantity move

Answer 1

Hi

According to the law of demand, the price of a good or service increases, and the quantity of a good or service will decrease.

May it is helpful for you.

Answer 2

The law of demand states that. If all other factors remains equal, the higher the price of a good, the less people will demand that good. In other words, the higher the price, the lower the quantity demanded. The amount of a good that buyers purchase at a higher price is less because as the price of a good goes up. So people will naturally avoid buying a product that will force them to forgot the consumption of something else that value more.