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Chapter 20 - Real Estate Market Economics

Across
__ is the quantity of a product or service available for sale, lease, or trade at any given time.
__ users are concerned with costs of occupancy to the business.
__ is the amount of available property that becomes occupied over a period of time.
Real estate is a relatively __ economic product, meaning it cannot always be readily sold for cash.
A market tends toward a state of __ in which supply equals demand, and price, cost, and value are identical.
Regional and national economic forces influence the local real estate market in the form of changes in money supply, __ and national economic cycles.
A/An __ is the amount of money or other asset that a buyer has agreed to pay and a seller has agreed to accept to complete the exchange of a good or service.
If supply increases relative to demand, price __.
One determinant of value is how dear the item is to the purchaser, which is referred to as __.
Down
The third critical element of value is a product's availability in relation to demand which is referred to as __.
If demand increases relative to supply, price __.
__ users are concerned with permissible zoning.
One of the primary forms of government influence is local __ power.
If there is an overabundance of a product, the price __, as demand is largely met.
To produce a good or service, a supplier incurs __, or those expenses necessary to generate and deliver the item to the market.
__ users are concerned with neighborhood quality.
The second determinant of value is the product's ability to do the job which is referred to as __.
A/An __ is a place where supply and demand encounter one another.
__ is the quantity of a product or service that is desired for purchase, lease, or trade at any given time.
__ employment is the number of persons employed in the businesses that represent the economic foundation of the area.