Which economic principle pertains to how a change in a property affects its value as a whole quizlet?

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Which economic principle pertains to how a change in property affects its value as a whole?
Which economic principle states that the value of the property today is impacted by the current value of the total expected future benefits?
Which economic principle states that the value of property today is impacted?
What basic value principles affect the value of property?

Introductory Business Statistics

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Statistics for Business and Economics

13th EditionDavid R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

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Statistical Techniques in Business and Economics

15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal

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Century 21 Accounting: General Journal

11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman

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Century 21 Accounting: General Journal

11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman

1,012 solutions

Introductory Business Statistics

1st EditionAlexander Holmes, Barbara Illowsky, Susan Dean

2,174 solutions

Statistics for Business and Economics

13th EditionDavid R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

1,692 solutions

Principles of Economics

7th EditionN. Gregory Mankiw

1,394 solutions

Fundamentals of Engineering Economic Analysis

1st EditionDavid Besanko, Mark Shanley, Scott Schaefer

215 solutions

Century 21 Accounting: General Journal

11th EditionClaudia Bienias Gilbertson, Debra Gentene, Mark W Lehman

1,012 solutions

Statistics for Business and Economics

13th EditionDavid R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams

1,692 solutions

Statistical Techniques in Business and Economics

15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal

1,236 solutions

Introductory Business Statistics

1st EditionAlexander Holmes, Barbara Illowsky, Susan Dean

2,174 solutions

Statistical Techniques in Business and Economics

15th EditionDouglas A. Lind, Samuel A. Wathen, William G. Marchal

1,236 solutions

Principles of Economics

8th EditionN. Gregory Mankiw

1,335 solutions

Fundamentals of Engineering Economic Analysis

1st EditionDavid Besanko, Mark Shanley, Scott Schaefer

215 solutions

Which economic principle pertains to how a change in property affects its value as a whole?

Contribution—The principle of contribution states that the value of a component of property depends upon its contribution to the whole.

Which economic principle states that the value of the property today is impacted by the current value of the total expected future benefits?

Because the present value of real estate depends on expected future benefits, the principle of anticipation requires the appraiser to be fully informed of community affairs and economic changes anticipated in the market area in which the subject property is located.

Which economic principle states that the value of property today is impacted?

regression: The principle of regression holds that the value of the best property in a neighborhood will be adversely affected by the value of other properties in the neighborhood.

What basic value principles affect the value of property?

Principle Of Demand, Supply, and Desire The scarcity of a commodity influences its value by creating a greater demand for the item. For example, as the supply of ocean facing property diminishes its value increases to meet the demand. Demand is also affected by desire.