The relationship between quantity supplied and price is __ and the relationship between quantity demanded and price is __ Direct, Direct Inverse, Inverse Inverse, Direct Direct, Inverse POSSIBLE POINTS:

## Step 1<br />The problem is asking about the relationship between the quantity supplied and the price, and the relationship between the quantity demanded and the price. <br /><br />## Step 2<br />The law of supply states that as the price of a good or service increases, the quantity supplied also increases. This is because suppliers are more likely to produce and sell more of a good or service when the price is higher, as they can make more profit. This relationship is known as a direct relationship.<br /><br />## Step 3<br />On the other hand, the law of demand states that as the price of a good or service increases, the quantity demanded decreases. This is because consumers are less likely to buy a good or service when the price is higher, as they can afford less of it with their income. This relationship is known as an inverse relationship.