<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 law of supply and demand in economics? Context: The law of supply and demand in economics explains how prices are determined by the balance between supply and demand for a particular good or service. Answer: [/INST]The law of supply and demand states that the price of a good will rise when demand exceeds supply, and it will fall when supply exceeds demand.</s>