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ASU ACC241 Exam 2 Practice
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A neighborhood becomes more desirable because a major employer opens nearby. Which economic characteristic of real estate is most directly illustrated?
Immobility
Indestructibility
Situs
Severance
Reveal Answer
Correct Answer:
Situs
Explanation:
Situs, or area preference, refers to the economic effect of location and buyers' preferences for particular areas.
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