Which option best identifies why the sequential development of the boom-and-bust cycle in the Texas
cotton industry occurs?(1 point)
Cotton cycles are based on supply and demand. When demand is high, the
industry booms, but when it is low, the industry busts.
Cotton cycles are based on supply and demand. When demand is high, the
industry busts, but when it is low, the industry booms.
Cotton cycles are based on production. When production is low, the industry
booms, but when it is high, the industry busts.
Cotton cycles are based on the fashion industry. When more cotton clothes
are produced, the industry booms, but when less are produced, it busts