The correct options are C and D . An Increase in price leads to a decrease in quantity demanded. A decrease in price leads to an increase in quantity demanded.
In economics, the word "quantity demanded" refers to the overall amount of an item or service that consumers demand over a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of an item or service.
The quantity of a good or service that customers are willing and able to purchase at specific pricing during a specific time period is known as demand. The amount of an item or service that will be purchased at a specific price at a specific time is known as the quantity demanded.
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