Question

demand has an inverse relationship with?
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Answer 1

Answer:

A rise in the price of a good or service almost always decreases the quantity of that good or service demanded. Conversely, a fall in price will increase the quantity demanded. ... Economists call this inverse relationship between price and quantity demanded the law of demand.

Answer 2

Answer:

Law of demand states: As price of a good increases, the quantity demanded of the good falls, and as the price of a good decreases, the quantity demanded of the good rises, ceteris paribus. Restated: there is an inverse relationship between price (P) and quantity demanded (Qd).

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