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Characteristics of the book and bust cycle for agriculture in Texas:

Farmers continued to increase the production of agricultural products.

Expansion of urban areas created demand of agricultural products

Classify them as either boom or bust that describe it.

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Answer: The boom in commercial farm production eventually led to a bust in prices. As farmers grew more crops, sup- ply began to exceed demand, and thus prices fell. This is the economic law of supply and demand. If supply is more than demand, prices fall

Explanation:

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