January 25, 2018 DUE JANAURY 30, 2018, 5:45AM-NO EXCEPTIONS The first section is multiple choice. Read the question carefully and select the answer that best describes the question 1. The supply side of the real estate market is best described as/by: A. Owners. B. Tenants. C. Developers. D. Investors. 2. New development is spurred when marginal cost can be obtained. Marginal costs are made up of A. Site acquisition costs B. Construction costs C. Profit. D. All of the above. E. A and B. F. None of the above 3. The term "real property" refers to: A. Financial capital as opposed to physical capital B. L ong-lived personal property, such as automobiles, musical instruments, works of art C. Land and built space. D. Property valued net of inflation