Which of the following statements correctly describes the relationship between the price and quantity demanded of a good or service?-Holding all else constant, as price increases, quantity demanded decreases and as price decreases, quantity demanded increases.-Holding all else constant, as price increases, quantity demanded increases and as price decreases, quantity demanded increases.-Holding all else constant, as price increases, quantity demanded increases and as price decreases, quantity demanded decreases.-Holding all else constant, as price increases, quantity demanded decreases and as price decreases, quantity demanded decreases.
