Momentum and kinetic energy are closely related concepts in physics, both dependent on an object's mass and velocity. As an object falls, its velocity increases, resulting in a corresponding increase in both kinetic energy (KE) and momentum (P). The formula for kinetic energy, KE = 1/2mv^2, shows that KE increases with the square of velocity, while momentum is calculated as P = mv, indicating a linear relationship with velocity. Therefore, as an object's speed increases, both its kinetic energy and momentum rise simultaneously. Understanding this relationship is crucial for analyzing motion in physics.