History

Wayne Galvan

3 April, 19:57

What is the likely economic result of the following scenario? Recently there has been a rise in the number of teenage girls in the country as well as a strong increase in clothing sales. The cotton industry will bottom out because demand will outstrip supply. The cotton industry will continue to grow for years without experiencing a decline. The cotton industry will need to produce more crops next year to keep up with the demand. The cotton industry will need to produce fewer crops next year because the demand will stall.