Boom and Bust Cycle Quick Check%0D%0A2 of 52 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 real estate industry occurs?(1 point)%0D%0AResponses%0D%0A%0D%0AReal 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.%0D%0AReal 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.%0D%0A%0D%0AReal 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.%0D%0AReal 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.%0D%0A%0D%0AReal 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.%0D%0AReal 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.%0D%0A%0D%0AReal 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.
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