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

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.
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.

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

Option 3 best traces the sequential development of boom-and-bust cycles in Texas. It describes how industries and the economy boom, leading to people pouring money into the economy. However, when supply begins to outweigh demand, the economy busts, causing many people to struggle financially.
Which option best identifies why the sequential development of the boom-and-bust cycle in the Texas real estate industry occurs?(1 point)
Responses

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 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 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 booming, 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 booming, 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.
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.
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Option 3 best identifies why the sequential development of the boom-and-bust cycle in the Texas real estate industry occurs. It explains that real estate is connected to the greater economy, and when the economy is booming, people can afford to purchase real estate. However, when the economy busts, many people stop purchasing real estate.