I think the most appropriate answer would be "the quantity of a good demanded increases as its price rises".
I hope it helped you!
The quantity of an item is required over a specific time period grows as its price increases, ceteris paribus, in accordance with the rule of demand. grows, ceteris paribus, as its price declines. lowers, generally speaking, as its price drops. does not alter as the price does.
Price is the portion of cash required to purchase a specific good. Price is also a measure of wealth insofar as it reflects what people are willing to pay for a product's worth.
The aforementioned definition implies that prices serve an important economic purpose. Prices offer an appropriate basis by which products and services are dispersed among the numerous people who desire them, so long since they're not arbitrarily controlled. Indicators reflecting the strength of the consumption of different items, they allow companies to adjust their output accordingly.
There are three different functions that may be analyzed for this function of prices. Prices dictate who will purchase the goods, what products will be created and in what quantities, how the items will be produced, and who will generate them. The commodities developed and distributed in this manner might well be services, labor, consumer goods, or other commodities that can be sold. In both situations, rising demand will cause producers to bid up their prices, which will encourage them to expand their supply; falling demand would have the opposite effect.
To learn more about prices here
https://brainly.com/question/19091385
#SPJ2
