What kind of relationship is depicted by the law of demand?
the law of demands states that the and demand have a/ relationship.
1
a)quality
b)price
c)quantity
2
a)direct
b)indirect
c)inverse

The law of demand states that the price and demand have an inverse relationship.

As the price of a product goes up, then fewer people will want to buy the product. For example, Honda sells more cars on average each year than Lexus because more people are able to afford the lower priced Honda. Producers can also use this law to say that as the demand for a product goes up, they will be able to charge more for the product as well.

answer/// equals both average variable cost and average total cost at their respective minimums;