Question

A grass root organization is attempting to preserve a stretch of forest that is being considered for purchase by a manufacturing plant. The organization's main strategy is to inform the nearby housing developments of the effect on their home values if the manufacturing plant goes versus the preserved forest. This approach is using ________.

Answer 1

The correct answer is Hedonic Valuation

Step-by-step explanation:

Hedonic valuation or hedonic price model is used to estimate values for environmental or ecosystem services that directly affect the construction market prices.