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In economics, a luxury good is a good for which demand increases more than proportionally as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income.
Would you consider yourself a fashion expert? Do you know all of the most famous clothing brands? Can you instantly tell if a designer bag is the real deal or a fake?Put your fashion knowledge to the test. I bet only 1% of people can score 100 lol!