Question

Boom and Bust Cycle Quick Check%0D%0A3 of 53 of 5 Items%0D%0A%0D%0AQuestion%0D%0AWhich option best identifies why the sequential development of the boom-and-bust cycle in the Texas cotton industry occurs?(1 point)%0D%0AResponses%0D%0A%0D%0ACotton cycles are based on the fashion industry. When more cotton clothes are produced, the industry booms, but when less are produced, it busts.%0D%0ACotton cycles are based on the fashion industry. When more cotton clothes are produced, the industry booms, but when less are produced, it busts.%0D%0A%0D%0ACotton cycles are based on production. When production is low, the industry booms, but when it is high, the industry busts.%0D%0ACotton cycles are based on production. When production is low, the industry booms, but when it is high, the industry busts.%0D%0A%0D%0ACotton cycles are based on supply and demand. When demand is high, the industry busts, but when it is low, the industry booms.%0D%0ACotton cycles are based on supply and demand. When demand is high, the industry busts, but when it is low, the industry booms.%0D%0A%0D%0ACotton cycles are based on supply and demand. When demand is high, the industry booms, but when it is low, the industry busts.

Answer 1

Cotton cycles are based on supply and demand. When demand is high, the industry booms, but when it is low, the industry busts.