8. Consider a twoconsumer, two-period economy. Consumers can buy and sell claims on consumption 11:1: in period 1' : 1, 2 at 1mit price pi. There is 1 unit of the consumption good in period 1, which is entirely owned by consumer A. There is b > 0 units of the consumption good in period 2, which is entirely owned by consumer B. The utility of consumer J : A, B from consumption path (mist) is In mil + ,8 hung. (3. Dene a. competitive equilibrium for this economy. (b (c (d Suppose that b > 1. What is the real interest rate in this economy? Discuss why this Derive a competitive equilibrium for this economy. Suppose that b