Question: Based on the four quadrant model discussed in class, if local zoning regulations get stricter, which of the following outcomes is more likely to

Based on the four quadrant model discussed in class, if local zoning

Based on the four quadrant model discussed in class, if local zoning regulations get stricter, which of the following outcomes is more likely to occur in the long run equilibrium? Lower asset price Higher rent level Higher construction level Higher asset stock level

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