Questions are based on the following passage.
Buy land, advised Mark Twain; they're not making it any more. In fact, land is not really scarce: the entire population of America could fit into Texas with more than an acre for each household to enjoy.
What drives prices upward is a ____26 ____ between rode demand and limited supply in the great metropolises (大城市) like London, Mumbai and New York. In the past ten years ____27 ____ property in Mayfair, in central London, can go for as much as £55,000 ($82,000. per square meter. A square mile of Manhattan residential property costs $16.5 billion.
Even in these great cities the scarcity is ____28____. Regulatory limits on the height and density of buildings ____29____ supply and blow up prices. A recent analysis by academics at the London School of Economics ____30 ____that land-use regulations in the West End of London blow up the price of office space by about 800%; in Milan and Paris the rules push up prices by around 300%. Most of the enormous value captured by ____31 ____ exists because it is well-nigh impossible to build new offices to compete those ____32____ away.
The costs of this misfiring (哑火的) ____33 ____ market are huge, mainly because of their effects on individuals. High housing prices force workers towards cheaper but less productive places. According to one study,____34____ in the Bay Area around San Francisco would be about five times larger than it is but for tight limits on____ 35____. Add up these costs in lost earnings and unrealised human potential, and the figures become dizzying.
第26题__________