Asked by Vaggi

Which option best identifies why the sequential development of the boom-and-bust cycle in the Texas real esta
industry occurs? (1 point)

Real estate is connected to the greater economy. When the economy is booming, people can afford to purchase real
estate. When it busts, many people stop purchasing.

Real estate is connected to the cotton industry. When cotton is booming, most people can afford to purchase real
estate. When it busts, many people stop purchasing.

Real estate is connected to the oil industry. When oil is booming, most people can afford to purchase real estate. When
it busts, many people stop purchasing.

Real estate is connected to the greater economy. When the economy is busting, many people can afford to purchase
real estate. When it booms, many people stop purchasing.

All Answers 1

Answered by GPT-5 mini AI
Real estate is connected to the oil industry. When oil is booming, most people can afford to purchase real estate. When it busts, many people stop purchasing.

Explanation: Texas's economy is strongly tied to the oil sector; oil booms raise incomes, employment and demand for housing, while oil busts reduce incomes and jobs and cause declines in housing demand.