Question

Which option best traces the sequential development of boom-and-bust cycles in Texas? (1 point)

Industries and the economy bust, and people pour money into the economy. When supply begins to outweigh demand,
the economy booms, and many people begin to struggle.

Industries and the economy boom, and people stop buying and putting money into the economy. When supply begins
to outweigh demand, the economy busts, and many people start buying more.

Industries and the economy boom, and people pour money into the economy. When supply begins to outweigh
demand, the economy busts, and many people begin to struggle financially.

Industries and the economy boom, and people put money into the economy. When demand begins to outweigh supply,
the economy busts, and many people begin to struggle.

Answer 1

Option 3.

Explanation: A boom occurs as industries grow and people pour money into the economy; when supply begins to outweigh demand (oversupply), the market busts and many people suffer financially.