Microeconomic Project Luxury vs. Necessity Good

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SCHOOL OF BUSINESS

Luxury Good VS. Necessity Good

Prepared by: Leila Zbib 10830225

Ali El Masri 10831682

Rodina Kanso 10930163

Mazen Al Khansa 10930988

Submitted to: Dr. Ghina Tabash

A project submitted in Partial Fulfillment of the Requirement for the Course: BECO210: Introduction to MicroEconomics

Beirut: MWF 8:00 - 8:50 AM

Spring 2010

List of Contents:

Cover Page…………………………………………………………………………….Page 1

List of Contents………………………………………………………………………..Page 2

Acknowledgment……………………………………………………………………...Page 3

Dedication……………………………………………………………………..............Page 3

Luxury Good VS. Necessity Good……………………………………………….........Page 4

Gold VS. Bread………………………………………………………………………..Page 5

Sample………………………………………………………………………………....Page 5

Questionnaire………………………………………………………………………….Page 6

Tables……………………………………………………………………………….....Page 7, 8

Graphs…………………………………………………………………………………Page 9,10

Explanation……………………………………………………………………………Page 11

Acknowledgement:

This would be the Appropriate Moment to thank all of the LIU’s constituencies for their Professional Mission and Expertise. In a special way, I would like to express a Sign of Gratitude and Appreciation to Dr. Ghina Tabash who helped me Accomplish this Scientific Inquiry.

Dedication:

It is our Intention at this present time of our College Undergraduate Education to dedicate this Scientific Investigation to all the members of our Beloved Family.

Luxury Good VS. Necessity Good

In Economics, a Luxury Good is a Good for which its Demand increases more proportionally as Income rises, plus its Demand will...
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