0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Chinese merchants traded luxury goods for?
Luxury good were traded by Chinese merchants for Spices, Teas, and Porcelain goods.
Suppose a customer purchases only 2 goods Can both goods be luxury goods?
The goods are deserts The goods are deserts
The difference between essential and luxury goods?
essential-needed to survive luxury-wanted
What type of taxes are inheritance and excise taxes on luxury goods?
It is a progressive tax. Because the tax gets higher as you pay high price for the luxury goods.
Luxury goods like Dom Perignon champagne tend to have demand curves?
Luxury goods like Dom Perignon champagne tend to have ______ demand curves.
What is the rate for Luxury Tax?
The luxury tax is a tax on luxury goods, which are products considered not essential for living. The luxury is levied at different rates depending on the price of the product.
What examples of goods that might not be bought when prices rise?
luxury
What is the relationship between income and luxury goods?
higher income, more luxery goods. not rocket science.
How Luxury goods are price elastic?
Luxury products are elastic, in comparison to necessity products which are inelastic. Luxury goods are elastic because for a change in price there is a more than proportionate change in quantity. e.g. If the price of a luxury good increases, less people will purchase the good because it is not necessary in their lives - they can do without it.
How can you define what goods are luxury goods?
Either expensive, valuable, or rare. It usually falls under several of these categories.
What is the Italian label specializing in luxury goods for men and women?
Prada
What is the industry for district 1 in the hunger games book?
Luxury goods
