There is an inverse relationship with supply

Is a fundamental principle of economics that states that at a higher price consumers will demand a lower quanitity of a good.

the price of a product and this quantity demanded for that poduct have an inverse reltionship as stated in the law of demand. An inverse reltionship means that higher prices result in lower quanity demand and lower prices result in higher quanity demand.

2 determinants of demand -income of the consomers -consomer expectation 2 determintions of supply -cost of factors -taxes on products

positive relationship between price and quantity supplied- that a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied-the law of supply