Question

Analyze the relationship between Price and Demand.​

Answer 1

Answer:

The relationship between demand and price: the law of demand is a general relationship between price and consumption: when the price of a good rises, the quality demanded will fall. The quality of the good demanded per period of time will fall as price rises and will rise as price falls, other things being equal.

Answer 2

Answer:

Explanation:

The law of demand is an economic principle that explains the negative correlation between the price of a good or service and its demand. If all other factors remain the same, when the price of a good or service increases, the quantity of demand decreases, and vice versa