Respuesta :

Answer:

If two similar properties are for sale, a buyer will purchase the cheaper of the two

Explanation:

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

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?