Figure 30-8 -Refer to Figure 30-8.The Equilibrium Exchange Rate Is at A,$1.25/euro.Suppose

Figure 30-8
-Refer to Figure 30-8.The equilibrium exchange rate is at A,$1.25/euro.Suppose the European Central Bank pegs its currency at $1.00/euro.Speculators expect that the value of the euro will rise and this shifts the demand curve for euro to D2.After the shift

A) there is a shortage of euros equal to 1,000 million.
B) there is a surplus of euros equal to 400 million.
C) there is a shortage of euros equal to 800 million.
D) there is a surplus of euros equal to 500 million.