Carol has 6 carrots and 4 durians. At the Chatswood market, carrots are bought and sold for pe and durians are bought and sold for pa. At these prices, Carol can trade what she has for 11 carrots and 1 durians. For all following questions, round answers to 3 decimal places where necessary. Assume all goods are perfectly divisible.a) What is the maximum number of carrots that Carol can consume at the Chatswood market?

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.