Final answer:
The relationship between quantity demanded and price is an inverse relationship.
Step-by-step explanation:
The relationship between quantity demanded and price is an inverse relationship. According to the law of demand, as the price of a good or service increases, the quantity demanded decreases, and vice versa. This means that when the price of a certain good or service goes up, consumers tend to buy less of it, and when the price goes down, consumers tend to buy more of it.