Which of the Following Is Correct

question 120

Multiple Choice

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) i and ii
• B) i and iii
• C) ii and iii
• D) i, ii, and iii
• E) only iii

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