One thing you will learn in life is that nothing is certain (except perhaps death and taxes, but even that is open to debate). The laws of supply and demand are no different - there are instances when these "laws" do not hold true. Two interesting examples are called Veblen goods and Giffen goods.
Your goal today is to research and investigate the meaning of these terms and provide not only a thorough explanation of each, but also examples.
In your blog post: Explain the laws of supply and demand (how they are supposed to work) and provide an example of each. Then, explain in your own words (paraphrase) the definition of both Veblen and Giffen goods and provide one example of each type of good.
Along with your written explanations, include pictures which help to illustrate your examples.
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