Answer the following statements true (T) or false (F)

1. In the foreign exchange market, if Americans significantly increase their investments in securities in British financial markets, one effect is that the dollar will tend to depreciate against the pound.
2. If the organizers of a major sports event set the ticket price above the equilibrium level, then scalping will develop in a secondary market for tickets.
3. The presence of ticket scalpers in popular events like concerts will hurt consumers who buy from the scalpers.
4. In cases where sellers have a fixed number of units of a product to sell, the supply curve will be horizontal.
5. In cases where the supply curve is vertical, any change in demand will cause only a change in price but no change in quantity.

1. TRUE
2. FALSE
3. FALSE
4. FALSE
5. TRUE