I need help with this question please

G Dollar Price of Pesos D D2 O L M Quantity of Pesos Refer to the diagram. The initial demand for and supply of pesos are shown by D1 and S1. Suppose the United States reduces its imports of Mexican goods, shifting its demand for pesos from Dj to D2. If the United States and Mexico were both on the international gold standard: 1) gold would flow from Mexico to the United States. O 2) the exchange rate would rise from B dollars equals 1 peso to C dollars equals 1 peso. 3) gold would flow from the United States to Mexico. (4) the exchange rate would fall from B dollars equals 1 peso to A dollars equals 1 peso. Question 10 (1 point)