Dollars per euro P2 P P1 /---- Q1 Q Q2 Quantity of euros Based on the graph, if one euro is sold at price lower than the equilibrium exchange rate, then which of the following holds true in the foreign exchange market? O There will be excess demand for euros (Q - Q2) at P2. There will be excess demand for euros (Q2 - Q1) at P1. O There will be excess supply of euros (Q1 - Q) at P. There will be excess supply of euros (Q2 - Q1) at P1. There will be excess demand for euros (Q2 - Q) at P2