An increase in first-period income results in Question content area bottom Part 1 A. a decrease in first-period consumption, an increase in second-period consumption, and an increase in saving. B. a decrease in first-period consumption, a decrease in second-period consumption, and an increase in saving. C. an increase in first-period consumption, a decrease in second-period consumption, and an increase in saving. D. an increase in first-period consumption, an increase in second-period consumption, and a decrease in saving. E. an increase in first-period consumption, an increase in second-period consumption, and an increase in saving