The table below presents schedules X and Y. One of them is a supply schedule and the other is a demand schedule for Swiss Franc (CHF). Price of Schedules X Schedules Y CHF Quantity of CHF) (Quantity of CHF) $0.85 1,000,000 10,000,000 $0.86 2,000,000 8,000,000 S0.87 3,000,000 6,000,000 S0.88 4,000,000 4,000,000 $0.89 6,000,000 2,000,000 $0.90 8,000,000 1,000,000 What would happen if both the US and the Swiss governments fixed the price of CHF at $0.89? The demand for CHF would exceed the supply for CHF and there would be a shortage of CHF in the foreign exchange market. The demand for CHF would be less than the supply of CHF and there would be a shortage of CHF in the foreign exchange market. The demand for CHF would exceed the supply of CHF and there would be a surplus of CHF in the foreign exchange market. The demand for CHF would be less than the supply of CHF and there would be a surplus of CHF in the foreign exchange market