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| Suppose that, in a certain advanced industrialised country, the government has applied price controls over rents of both public and private rented accommodation for a number of years, and a serious problem of widespread homelessness has built up. Just recently, the rent price controls have been eased. Which of the following consequences should now occur? 1. An increase in homelessness 2. In the longer term, an increase in new building work 3. The provision of more rented accommodation 4. Fewer owner-occupied dwellings A. Consequences I and 2 B. Consequences 2 and 3 C. Consequences 3 and 4 D. Consequences I and 4 |