Which of the following statements is FALSE? (Check all that apply) In spite of the easy interpretation of the coefficients, the linear probability model has the major flaw that its predicted values can lie above 1 or below O. The Probit model always yields predicted probabilities that are between zero and one. O The Logit model can yield predicted probabilities that lie above 1 or below O. Consider a competitive market where the intersection of the demand and supply curves determine the equilibrium price and quantity of a good. Which of the following statements is true? o If we fit a OLS line through observed quantity-price outcomes using log quantity-log price model, we will be able to consistently estimate the price elasticity of demand. o If we can find an instrument that shifts only the supply, we will be able to use two-stage least squares to estimate the price elasticity of demand. O If we can find an instrument that shifts only the demand, we will be able to use two-stage least squares to estimate the price elasticity of demand. O None of the statements are true