Final answer:
The relationship between quantity supplied and price is direct, and the relationship between quantity demanded and price is inverse, aligning with the theory of supply and demand.
Step-by-step explanation:
The relationship between the quantity supplied and price is direct, meaning that as the price increases, the quantity supplied typically increases as well. Conversely, the relationship between the quantity demanded and price is inverse. This is known as the law of demand, which states that as the price of a product increases, the quantity demanded tends to decrease, all other factors being equal. Therefore, the correct answer to the relationship between quantity supplied and price, and quantity demanded and price is direct, inverse (Option A).