Given the Following Information, Determine the Value of Having an Additional

question 31

Multiple Choice

Given the following information, determine the value of having an additional bedroom. Assume that the comparable properties are similar in all other attributes besides those listed in the table below. $$\begin{array} { | l | c | c | c | c | } \hline & \text { Comparable 1 } & \text { Comparable } 2 & \text { Comparable 3 } & \text { Comparable 4 } \\\hline \text { Time Sold } & \text { Today } & 1 \text { Year Apo } & \text { Today } & 1 \text { Year Apo } \\\hline \text { Bathrooms } & 2 & 2 & 2 & 3 \\\hline \text { Bedrooms } & 4 & 5 & 5 & 5 \\\hline \text { Sale Price } & \$ 250,000 & \$ 265,000 & \$ 275,000 & \$ 270,000 \\\hline\end{array}$$

• A) $5,000
• B) $15,000
• C) $20,000
• D) $25,000

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Definitions:

Demographic Research

The study of human populations, including their size, growth, density, distribution, and statistics regarding birth, marriage, disease, and death.

Population Growth

The increase in the number of individuals in a population, often discussed in the context of its effects on society and the environment.

Egalitarian Gender Roles

Social roles based on the belief in equality between genders, emphasizing shared responsibilities and equal rights.

Ecological Succession

In the theory of human ecology refers to the process by which a distinct urban group moves from one area to another and a second group comes in to replace the group that has moved out.