Which of the following is an example of an interdependent economic factor that creates value?

The correct choice highlights the acronym DUST, which represents four key interdependent economic factors that create value in real estate: Demand, Utility, Scarcity, and Transferability. Each component contributes to the overall value of a property by influencing how it is perceived in the market.

Demand refers to the desire of buyers to purchase properties, which drives prices up when high. Utility relates to the property's usefulness and the satisfaction it provides to its occupants. Scarcity implies that if a resource is limited, its value typically increases. Lastly, transferability denotes the ease with which property rights can be transferred from one owner to another, affecting marketability.

Together, these factors help appraisers assess and establish the value of properties by analyzing how they interact with one another in the context of the real estate market. Understanding DUST is crucial for appraisers to evaluate market dynamics accurately.

In contrast, the other options like PEGS, CELL, and LPFM represent different concepts or frameworks that do not specifically outline the interdependent economic factors influencing property value in the same way DUST does.