Please explain each answer.

STEP: 2 of 3 The following graph depicts the supply schedule for euros. Hint: You can drag the black point (cross symbol) to various positions on the graph to see the values of the coordinates on the graph. You will not be graded for any changes you make to the graph. 17 15 15 VALUE OF EURO (US dollars per euro) 14 50 100 150 200 250 300 350 400 450 500 550 600 QUANTITY OF EUROS (Ballons) At an exchange rate of 1.1 per euro, the quantity of euros supplied is billion euros, while at an exchange rate of 1.5 per euro, the quantity of euros supplied is billion euros. This confirms that the demand schedule for euros is sloping upward TOTAL SCORE: 114 downward to complete this step and unlock the next