Question: Question 2 | [10 marks] Consider the example of Greta and Carlos discussed in The Economy textbook Unit 1 Section 1.8 and Figure 1.9a and

Question 2 | [10 marks] Consider the example of Greta and

Question 2 | [10 marks] Consider the example of Greta and Carlos discussed in The Economy textbook Unit 1 Section 1.8 and Figure 1.9a and 1.9b. Assume the market price is now 1 tonne of wheat can be traded for 48 apples. Greta proposes a trade of 14 tonnes of wheat with Carlos. a. What would Greta and Carlos have available to consume of both goods if the trade goes ahead? (4 marks) b. Would both Carlos and Greta be better off after the trade? Explain. (6 marks)

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