Question

Did any topic(s) surprise you that it (they) was (were) part of the study of economics? Now that the topic(s) has (have) been introduced in economics, explain how it fit into economics.

Answer 1

Answer) Concepts or topic surprised me when I first heard about it in economics was giffin goods ,having studied how demand and supply works in economics,I saw how for normal goods demand decrease with increase in price or demand increase with increase in purchasing power but to have different category of goods to be discussed was difficult to comprehend,furthermore giffin goods did not follow the same law of supply and demand,giffing goods' demand increased as prices increased,however when it was further explored,I found how it reinforced an important concept in Economics which is consumer are rationals and there is a thought process behind every decision.

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