the quantity demanded is inversely related to price is the answer to this question
The inverse relationship between price and demand
Therefore, the price of a product and the quantity required for this product are in the opposite relationship, as stipulated by the Law of Demand. The inverse relationship means that the higher the price, the lower the quantitative demand, and the lower the price, the higher the quantitative demand.
The law of supply and demand is the basis of modern economics. According to this theory, the price of a good is inversely proportional to its supply. That makes sense for many products. Because the more expensive it is, the fewer people can afford it and the less demand it has.
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