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What Is the Difference Between a Normal Good and an Inferior

question 133

Essay

What is the difference between a normal good and an inferior good? Give an example of each.


Definitions:

Axis I

A classification in some versions of the Diagnostic and Statistical Manual of Mental Disorders that refers to primary clinical symptoms that cause significant impairment.

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a guide for diagnosing mental disorders.

Disorders

Medical or psychological conditions that disrupt normal functioning.

DSM-IV

The fourth edition of the Diagnostic and Statistical Manual of Mental Disorders, a guideline used for diagnosing and classifying mental disorders.

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