question 1 not 2 thank you :)

1. From the following figure, determine - (a) the equilibrium exchange rate between the dollar and the pound sterling and the equilibrium quantity of pounds with supply curve Se and S' under a flexible exchange rate system. (b) If the United States wanted to maintain the exchange rate at $3 1 with supply curve Se, how much pound reserves would the U.S. central bank gain or lose per day? 2. (a) Redraw demand curve for pounds De and supply curve of pounds S as in the figure of Problem 1 and draw on it another supply curve for pounds (label it S*) that intersects Dg at $1 = 1 (label the point of intersection C). R=$/ SC Sc B. 3 A 2 * 1 D 0 20 40 60 Million C/Day