This is a problem in my math book, however, the answer is in the back of the book as it is an odd. What I don't understand, is the fact that if I plugin r = T and p,q,s = F I end up with...
(F→F)→(T→F) (F→T)→(F→F)
T→F T→T
F T
but when I plugin p = T and q, r, s = F I get the following...
(T→F)→(F→F) (T→F)→(F→F)
F→T F→T
T T
Why is it logically equivalent in the second case but not in the first?
You don't need to be concerned with the "why" of this question anymore than you need to be concerned with why some birds can fly and some birds can't. For the two statements to be equivalent, the two statements must be equivalent for ALL truth values you assign to your parameters of $p,q,r,s$ (making sure you assign the same ones to both statements.) Since you have found a case where the two statements are not equivalent, you can deduce that the statements are not equivalent. The fact that you also found a case where the two are equivalent doesn't mean anything if you know there exists a case where the two are not equal.