Question

What direction does the relationship between supply and price take?

Answer 1

The quantity demanded is the amount of a product people are willing to buy at acertain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer.

Answer 2

Supply and Price tend to go in opposite direction because as Supply of a product increases, the price tend to fall down from the market equilibrium.
This happens because when supply of a product is increased, The product becomes abundant and make it become very easy for customers to obtain the product. This will lower the value of the product and result in reduction of its price.