Which of the following is correct?
I. A surplus puts downward pressure on the price of a good.
Ii. A shortage puts upward pressure on the price of a good. iii. There is no surplus or shortage at equilibrium.
A) only iii
B) ii and iii
C) i, ii, and iii
D) i and ii
E) i and iii
Correct Answer:
Verified
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A)If people
