Maria buys gluten-free bread. The price for 1 loaf of gluten-free bread at the grocery store is $7.50. Maria buys 3 loaves with this price. Due to the popularity of gluten-free products, the price increases from $7.50 to $10 per loaf. As a result, Maria now only buys 1 loaf of gluten-free bread 1. The increase in price for gluten-free bread is due to the shift in supply curve. 2. If the price for gluten-free bread increases, Ceteris Paribus, Maria will consume less quantity of gluten-free bread. 3. If the price for gluten-free bread decreases, Ceteris Paribus, demand for gluten-free bread increases. Which of the above statements are true? O Only 1 is true. Only 2 is true. O Only 3 is true. O Both 1 and 2 are true. O Both 2 and 3 are true. The Big Boi Construction Company has increased the number of cabinet maker apprenticeship positions available for prospective apprentices over the past few years. The price of each study unit in this apprenticeship program has also increased over the same period by $400/year. Andre's Construction in the same period has decreased the number of cabinet maker apprenticeship positions available. Which of the following statements are true: O An increase in demand for cabinet maker apprenticeships at Big Boi would have resulted in increasing prices. O There is an inverse relationship between quantity supplied and the price of Big Boi's cabinet maker apprenticeships. There is definitely an overall increase in the quantity supplied of cabinet maker apprenticeships in the market where Big Boi Construction Company and Andre's Construction operate. O For the law of supply to hold, ceteris paribus, Andre's will have had to decrease the price of their cabinet maker apprenticeship