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The optimal amount of insurance purchased determines the optimal consumption level in each "state" as indicated before, and we have standard Walrasian demand functions c1(p, m) and c2(p, m), for the consumption of the two goods as usual, (where m = ω1 + pω2, but that is not important). Take as given that both c1 and c2 are normal goods for the consumer's preferences here.
Demonstrate that the consumer may consume either less or more of good 1 as the price of insurance q decreases.
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