Read the following statements:
I. According to the Liebig’s law of minimum, the growth is regulated by the limited factors i.e., resources in scarcity and not by the resources in abundance.
II. Shelford’s law of tolerance states that, only the factors present in excess/abundance can affect the growth, development of an organism or rate of biological process.
III. Shelford’s law of tolerance states that, an organism's success is based on a complex set of conditions and that each organism has a certain minimum, maximum, and optimum levels of environmental factor or combination of factors that determine success.
The correct choice is: