Question

does pressure exert by liquid lncrese and decrease with depth

Answer 1

But as we go we deeper in a liquid the pressure of liquid increases.As the depth of liquid increases the weight of liquid column pushing down from aboveincreases and hence the pressure also increases

Answer 2

The formula for Pressure exerted by liquid is hdg
Where H=Height
D=Density
G=Acceleration due to gravity
Therefore Pressure is directly proportional to Height
Therefore increase in depth/height will increase pressure

NOTE:Liquids exert equal pressure in all directions