Correct Answer: price falls demand rises

Solution : The correct answer is price falls and demand rises .

Law Of Demand states that when the price of a good or service increases, keeping all other factors equal, the quantity demanded for that good, or service decreases. Conversely, when the price of a good or service decreases, all else being for that good or service increases. This law suggests that as the price of a product goes up, people tend to buy less of it, and when the price goes down, people tend to buy more of it.