Identify two of the economic principle(s) or topic(s) that you want to learn more about ... and why? Discuss the recent price increase of a product (or service) you were in the market to buy. Did you buy the product at the higher price? Why or

This week, we jump right in and talk about markets. You  probably already have a sense of what a market is, but what do you know  about economics? The short video below highlights Gregory Mankiw's  10 principles, considered to be the core of economics.

Please respond to the following:

• Identify two  of the economic principle(s) or topic(s) that you want to learn more about ... and why?
• Discuss  the recent price increase of a product (or service) you were in the  market to buy.  Did you buy the product at the higher price?   Why or  why not? Was the price increase you observed caused by an increase in  demand or a decrease in supply?  Explain? 

200 words or less

https://youtu.be/PXJvyHe1aZk