According to the law of demand, an increase in the price of a good leads to a decrease in the quantity demanded.

However, why would sellers of business sell at higher prices? and why would consumers buy these goods and services at higher prices? How does it related to the price elasticity of demand

https://www.cnbc.com/2021/05/23/covid-travel-rising-airfares-and-hotel-rates-are-making-vacations-more-expensive.html