Fisher's two period model implies that as long as consumption in both periods is as a normal good, then an increase in income in period two: a- increases consumption in period 1 only. b-increases consumption in period 2 only. c. does not increas consumption in either period. d. increases consumption in both periods. e. increases consumption in period 1 and reduce consumption in period.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Question : Fisher's two period model implies that as long as consumption in both periods is as a normal good, then an increase in income in period two:

a- increases consumption in period 1 only.

b-increases consumption in period 2 only.

c. does not increas consumption in either period.

d. increases consumption in both periods.

e. increases consumption in period 1 and reduce consumption in period.

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