1. The June 6, 2022, Wall Street Journal reports that stores like Ross, Macy's and Gap are facing huge surpluses of clothing inventory. This means:

1. There had been a shortage right before the surpluses emerged.
2. The information being conveyed is that the price of clothing in these stores is above equilibrium Now, because of this information the invisible hand will push prices down.
3. Quantity demanded is greater than quantity supplied so prices will most likely rise this summer.
4. The rationing role of prices will still exist as prices start to fall, but there will be less discrimination based on ability to pay over the rest of the summer than there was in the spring.
5. B and D only.