Answer :
and
are reactants.
and
are products.
Explanation :
Balanced chemical reaction : It is defined as the reaction in which the number of atoms of individual elements present on reactant side must be equal to the product side.
In the balanced chemical reaction, the reactants and products are separated by right arrow.
The species present on the left side of the right arrow is the reactant and the species present on the right side of the right arrow is the product.
When ethanol react with oxygen gas then it gives carbon dioxide and water as a product.
The balanced chemical reaction will be:

In the given balanced reaction,
and
are reactants.
and
are products.