10:02 Search GRADING DETAILS Module 2 Discussion Participate by: 9/15/22, 11:59 PM 18 points maximum score TOPIC 5G 89 The law of demand states that there is an inverse relationship between price and quantity demanded. This means that consumers will buy more of a product when the price decreases and less of the product when price increases. Similarly, the law of supply states that there is a direct relationship between price and quantity supplied. This means that businesses will increase supply of a product when price increases and decrease the quantity supplied when price decreases. Give one example for each of the following: 1. Using an example of a product or service you use, explain how your behavior as a consumer agrees with the law of demand. 2. Using a product in the marketplace, explain how quantity supplied and price have gone in the same direction RESPONSES (17) Add Reply Save draft AA A >| "