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The income elasticity of demand is largest for
Real Property
Land and anything permanently attached to the land, such as buildings, houses, stationary mobile homes, fences, and trees.
Statute of Frauds
A judicial principle stipulating that specific contract categories must be written and signed by the accountable party to be legally binding.
Signature Requirement
The necessity for a person's handwritten or digital mark to verify and authenticate a document.
Interest in Land
A legal right or claim to real estate property, including ownership or use rights.
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