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Question 1 5 points Save Answer Consider an economy which is in general equilibrium. Ann and Bob are (the only) two consumers in an economy. They both consume both good , and good y. This implies mu that "x mu . Consider the truth of the following two statements: mu mu (i) The equality is important with regards to efficiency because it implies that there are no Pareto Improving trades of x and y between Ann and Bob. (ii) The equality is important with regards to efficiency because it implies that (for x and y) the prices that producers see reflect the (relative) values that consumers place on the goods. O a. Only statement (1) is true. O b. Both statements are true. O c. Both statements are false. O d. Only statement (ii) is true