= In 2 Suppose there are two states of the world S = {81, 82} and a consumer with utility u(2) income I-10 and the SEU priors P(81) = 0.2 and P(82) = 0.8 . (a) Suppose the Arrow assets are directly available and obtain the consumer's demand. (b) Suppose that the Arrow assets are not directly available in the market, however, the consumers can trade a riskless bond that delivers return (1, 1) and a risky asset with return (1,-1). What are the prices of the riskless bond and the risky asset in terms of the Arrow prices Pi and P2 ? = In 2 Suppose there are two states of the world S = {81, 82} and a consumer with utility u(2) income I-10 and the SEU priors P(81) = 0.2 and P(82) = 0.8 . (a) Suppose the Arrow assets are directly available and obtain the consumer's demand. (b) Suppose that the Arrow assets are not directly available in the market, however, the consumers can trade a riskless bond that delivers return (1, 1) and a risky asset with return (1,-1). What are the prices of the riskless bond and the risky asset in terms of the Arrow prices Pi and P2