Consider the incentives of municipal representatives. Faced with a choice between a change in zoning laws that would allow more construction (thereby preventin

Consider the incentives of municipal representatives. Faced with a choice between a change in zoning laws that would allow more construction (thereby preventing price increases that would benefit current holders of real estate), and maintaining the status quo with the effect of driving up the value of their own holdings as well as the value held by any homeowners who voted for them, what do you think they are going to do?