<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 the concept of supply and demand in economics? Context: The concept of supply and demand in economics refers to the relationship between the amount of a good or service that is available for purchase and the desire of consumers to buy that product at a specific price. Answer: [/INST]Supply refers to the amount of a good or service that producers are willing to sell at a particular price, while demand refers to the amount of that good or service that consumers are willing to purchase at a specific price.</s>