Based on the following two statements related to the pressure in a static fluid, select the correct option.

Statements:

A) Absolute pressures are always positive, but gauge pressures can be either positive or negative.

B) A gauge pressure of zero corresponds to a pressure that is below the local atmospheric pressure. 

1
Both Statement A and Statement B are correct.
2
Statement A is incorrect, but Statement B is correct.
3
Statement A is correct, but Statement B is incorrect.
4
Both Statement A and Statement B are incorrect.

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