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All of the following describe a special economic characteristic of real estate EXCEPT: O 1. Supply of real estate can't be increased quickly in the

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All of the following describe a special economic characteristic of real estate EXCEPT: O 1. Supply of real estate can't be increased quickly in the short run. O 2. Investment real estate decisions are, by their very nature, short term commitments. O 3. Real estate markets are local in nature. O 4.One property can't ever exactly substitute for another

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