What does the graph show about the relationship between a product and its price?

As the amount of a product goes up, the price goes up.

As the amount of a product goes down, the price goes up.

As the interest in a product goes up, the price goes up.

As the interest in a product goes down, the price goes up.

The statement "As the interest in a product goes up, the price goes up" shows a relationship between a product and its price and OPTION C is correct.

The price of a product is determined by the forces prevailing in the market stating precisely the demand and supply of the product in the market determines the price of the product.

The demand, supply and the price can be studied with the help of demand curve on the graphs.

What is the relationship between a product and its price?

The theory of price states that , the price is affected by various factors in the market and these factors can influence the price of the product.

The factors may be as follows:

Income of the consumers.
Price of substitute goods.
Price of complementary goods.
Taste and preferences of consumers.

Therefore it can be stated that the statement "As the interest in a product goes up, the price goes up" shows a relationship between a product and its price and OPTION C is correct.

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