We need dates to answer this question. The price of cotton goes up and down depending on supply and economic conditions.
The price decreased.
the price decreased
It decreased during the cotton gin :)
The price decreased.
The price decreased (apex)
The price decreased (apex)
We need dates to answer this question. The price of cotton goes up and down depending on supply and economic conditions.
Because of the invention of the cotton gin the planters were able to grow more cotton and this brought the price down. The biggest buyer of cotton was England for the textile mills.
It decreased the price of cotton
it decreased (APEX)
Cotton is an inelastic product, meaning its quantity demanded does not change significantly with price fluctuations. This is because cotton is a basic necessity and its demand remains fairly stable regardless of price changes.
The average price for cotton is around two hundred dollars :)