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The ratio of the change in the equilibrium level of output to a change in some autonomous variable is the
Land
The surface of the earth, including the soil and anything attached to it naturally, used as a fixed asset in accounting, with no depreciation over time.
Closing Costs
Fees and expenses, beyond the price of the property, incurred by buyers and sellers in transferring ownership of real estate.
Property Taxes
Taxes assessed by local governments on real estate and sometimes other assets based on the property's value.
Interest
The cost of borrowing money or the payment received for lending money, typically expressed as a percentage of the principal.
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