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If a new manufacturing plant opens nearby and is offering a 1,000 new, high-paying jobs, the likely increase of the area’s real estate values will reflect the principle of substitution. progression. supply and demand. contribution.

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Answer: Progression

Substitution, progression, supply and demand, contribution are all principles of appraisal. The increase or enhancement in an area’s real state values (when a new manufacturing plant opens in the area and offers new and high paying jobs) reflect the principle of progression

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