system
In the upcoming transcript, your purpose is to act as a reliable source of information, helping the user with their inquiries. Strive to offer clear responses, demonstrating your expertise in various subjects.
human
Make this sentence explaining economic theory easier to understand.

Relevant data:
""The law of supply and demand states that when the price of a good or service goes up, the quantity of that good or service that consumers are willing and able to buy will decrease, while the quantity of the good or service that producers are willing and able to sell will increase, and vice versa.""
gpt
"When something costs more, people buy less of it and companies make more, and when it's cheaper, people buy more and companies make less."