(23) Consider the data in the table below. Buildin New g Housing Permits Units Per Average Median 2018 for New 1,000 Apartment Home Homeless Metro Pop Housing People Rent Price Populatio Units n 2018 Houston 7.0 m. 57,196 8.2 $1,305 $250,00 4,000 0 Dallas 7.5 m. 62,196 8.2 $1,239 $260,00 4,500 0 Los Angeles 13.3 m. 30,838 2.3 $2,849 $618,00 36,000 0 (a) Provide an explanation for why Los Angeles is producing less than one-third as many new housing units per person than Houston and Dallas. (b) Provide an explanation for why the homeless population is substantially higher in Los Angeles than in Dallas or Houston, even after one takes account of the population of each metro area. (c) What connection do these data have to the U-Haul truck rental data you were presented in this class earlier in the semester? Explain. (d) Some individuals argue that the major reason apartment rentals and home prices are so much higher in Los Angeles than in Houston and Dallas is that Los Angeles and the State of California force renters and owners to pay the true costs of their actions (i.e., for their negative externalities) whereas Houston and Dallas do not. Assess this argument