1. Draw a correctly labeled graph of the foreign exchange market for the US dollar. Label your vertical axis as price (macrons per dollar) and your quantity axis as quantity of dollars. Indicate a point on your graph, labeled P, that shows the intersection of demand for dollars and supply of dollars. Using that intersection at point P, indicate an equilibrium price/exchange rate of 10 macrons per dollar. (5 points total: 2 for the correctly sketched graph/axes/labeling; 3 for indicating and labeling the correct equilibrium price and quantity)