The relationship described by the law of demand suggests that price and demand move in which direction?

The law of demand states that, all else being equal, as the price of a good or service decreases, the quantity demanded increases, and conversely, as the price increases, the quantity demanded decreases. This inverse relationship illustrates that price and demand move in opposite directions. When prices are lower, consumers are more willing and able to purchase more of the good, leading to an increase in demand. Conversely, higher prices typically discourage purchases, resulting in lower demand. Understanding this fundamental principle is crucial in analyzing consumer behavior and market dynamics.