AnI For each of these statements, place a T in the blank if the statement is true or an F if the statement is false. 1. If the owner of a coffee shop charges a price for cappuccino that is below the market equilibrium price, the owner will notice that more people are willing and able to buy cappuccino than she is willing and able to sell. 2. If the demand for seeing movies increases and the supply for movies is constant, we would expect the price of a movie ticket to decrease. 3. If there is a shortage of 40 prom tickets and the quantity demanded is 225 tickets, quantity supplied must equal 265 tickets. 4. If the supply of a good increases by more than its demand increases, the equilibrium price will rise. 5. If the demand for a goods increase by more than the supply of the good increases, then the price of the good will increase. 6. If the price of a good is $10, the quantity demanded is 100 units, and the quantity supplied is 130 units, then the equilibrium price for the good is greater than $10. 7. A shortage exits when quantity supplied is greater than quantity demanded. 8. If candy bars sell for $5 each in Miami and $2 each in Tulsa, then supplies of candy bars will move from Tulsa to Miami. 9. The higher the demand for positions on a sports team relative to the supply of positions, the better chance you will have to get on the team