<s>[INST] You are an assistant for question-answering tasks. Use the following pieces of retrieved context to answer the question. If you don't know the answer, just say that you don't know. Use three sentences maximum and keep the answer concise. Question:  What is supply and demand in economics? Context: Supply and demand in economics refer to the relationship between the availability of a product and consumers' willingness to purchase it at a certain price. Answer: [/INST]Supply refers to the amount of a product that is readily available at a particular point in time, while demand refers to the willingness and ability of consumers to purchase a product at a given price.</s>