There is a positive relationship between price and quantity demanded.

Name: There is a positive relationship between price and quantity demanded.
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Question

Quizplus · Accepted Answer

The law of demand states that there is an inverse relationship between price and quantity demanded - as the price of a good or service increases, the quantity demanded of that good or service will decrease, and vice versa. Therefore, there is a negative relationship between price and quantity demanded, not a positive one.

There Is a Positive Relationship Between Price and Quantity Demanded