<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 are basic economic concepts that refer to the willingness of sellers to sell goods or services at a certain price and the willingness of buyers to purchase those goods or services at that price. Answer: [/INST]Supply refers to the amount of a good or service that producers are willing to sell at a given price, while demand is the quantity of a good or service that consumers are willing to buy at a given price.</s>