Which of the following statements best describes the contemporary understanding of the two theories of audition?

Frequency theory might explain how we perceive high-frequencies, but place theory better demonstrates how the basilar membrane captures low-frequency sounds.

Frequency theory better explains how we hear low-frequency sounds, while place theory accounts for how we hear high frequencies.

Frequency theory cannot account for how we hear frequencies higher than 500 Hz, so place theory must be used instead.

Frequency theory correctly predicts that hair cells vibrate as fast as the sounds we hear, so place theory is not necessary to account for hearing.