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Which of the following is the correct order of events in any change in equilibrium? a 1) price change, 2) shift of D and/or S,

Which of the following is the correct order of events in any change in equilibrium?

a

1) price change, 2) shift of D and/or S, 3) surplus or shortage

b

1) surplus or shortage, 2) shift of D and/or S, 3) price change

c

1) shift of D and/or S, 2) surplus or shortage, 3) price change

d

1) shift of D and/or S, 2) price change, 3) surplus or shortage

e

1) surplus or shortage, 2) price change, 3) shift of D and/or S

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