Question

Ccording to the law of demand, price and quantity move along a track in the same direction. along a track in opposite directions. from different points toward one another. from the same point away from one another.

Answer 1

Move along a track in the same direction

Step-by-step explanation:

The law of supply can be regarded as one of the fundamental principle of economic theory. This law state that if

other factors are kept constant, when there is increase in price of goods/ products, then it will result in increase of the quantity supplied. There is a direct relationship that exist between price as well as quantity. When there is change in price then there would be same response in the same direction with the quantities supplied. It should be noted that according to the law of demand, price and quantity move along a track in the same direction.