Question

The relationship between price and demand​

Answer 1

Answer:

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).

Hope this helps..

Plz mark me as brainliest..

Answer 2

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. ceterises paribus.

Or:There is an inverse relationship between price and quantity demanded.