Last minute JNU questions

[E A Ibrahim]

These questions may be repeated tomorrow.

[neha:)]

1. b) transfers
2. b) luxury good

[Ashima]

How did you get it as a luxury good Neha? Could you please explain?

[Dreyfus]

@ashima..because often luxury goods shares the same characteristics with normal goods.... And here the demand for shoes is positively related to income...therefore its a luxurious and normal good as well!

[simar vijay singh]

income incrsd by 25 prcnt and consption by 66 prcnt ,,,,, luxury only