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Tom [10]
3 years ago
12

As a component of real estate value, the principle of substitution suggests that_________.

Business
1 answer:
melisa1 [442]3 years ago
3 0

Answer:

<em>If two similar properties are for sale, a buyer will purchase the cheaper of the two</em>

Explanation:

This principle states <em>a property's maximum value is usually determined by the cost of purchasing an equivalent substitute property having the same usage, design, and income.</em>

For instance, why would someone pay $1,000,000 for an apartment when they could buy a different but equally desirable house for just $750,000 in the same area?

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Explanation:

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After Mario completes his monthly report, his boss reviews it to see if the standards were met. If there are errors, Mario is to
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john chapelle wants to know if his video store customers are interested in a selection of classic, black and white movies. how c
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15 points please help
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Explanation:

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2 years ago
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navik [9.2K]

Answer:

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In the attached excel file, the following formula is used:

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Download xlsx
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