According to the law of demand, as prices fall, ceteris paribus, (a) Demand increases
(b) Demand decreases
(c) Quantity demanded decreases
(d) Quantity demanded increases
According to the law of supply, there is a
(a) Negative relationship between price and quantity of a good supplied.
(b) Positive relationship between price and quantity of a good supplied.
(c) Negative relationship between price and the change in supply.
.(d) Positive relationship between price and the change in supply.