An Item That Is Initially a Piece of Personal Property

question 46

True/False

An item that is initially a piece of personal property but is later attached permanently to the realty is known as a fixture.

---

Definitions:

Lower Price

A decrease in the cost at which goods or services are sold, often resulting from factors like increased supply or decreased demand.

Budget Line

A visual chart representing all the various combinations of two goods purchasable with a determined budget, with the prices of those goods fixed.

Price Falls

A reduction in the cost of goods or services in an market, often influenced by supply and demand dynamics.

Consumption

The usage of goods and services by households, contributing to the aggregate demand in an economy.