Suppose you are looking at the 2006 results No, many luxury brands will no longer exist in 2020, and will thus be unavailable for purchase. Newer luxury brands will dominate the lists. reflect how the Echo generation would classify items i ohow the Echo generation classified specified items as either luxuries or necessities. Do you expect the results 2020? Explain. 1. No. the aeneration will have aged by luxuries might well have changed vears and their perception of items as necessities then. 2. Yes, though the generation will have aged by 14 years, their perception of items as necessities or luxuries will not have changed by then. 3. Yes, the costs of luxuries or necessities doesn't change that much with time, so they would still be considered luxuries or necessities in 2020. 4. Yes, people's ideas of luxuries or necessities rarely change.