3. Suppose the United States and China were the only two countries in the world. a. Draw a correctly labeled graph of the foreign exchange market for U.S. dollars showing the equilibrium in the market. The currency in China is the yuan. S Yuan/US$ D Quantity of US$ . (1 point) The vertical axis is labeled "Exchange rate (Chinese yuan per U.S. dollar)" and the horizontal axis is labeled "Quantity of U.S. dollars." (1 point) Demand is downward sloping and labeled, supply is upward sloping and labeled. (1 point) The equilibrium exchange rate and the quantity of dollars are labeled on the axes at the point where the supply and demand curves intersect