Future consumption C Present consumption (Co) Consider the life-cycle model in the figure above, where Co is current consumption and is future consumption. The graph shows an Individual's endowment point at point A, Indifference curves reflecting preferences for current versus future consumption, and Intertemporal budget constraint when there is no tax on Interest Income. Suppose that the government Introduces a percentage tax on Interest Income and allows for tax deduction of Interest payments. This Individual will: PLEASE NOTE: Please select your answer from the six answer choices below. If your browser window is not large enough to display all six answer choices, you may need to scroll down to see all of the choices. Multiple Choice borrow more after the tax is introduced. borrow less after the tax is introduced. borrow the same amount after the tax is introduced. Multiple Choice borrow more after the tax is introduced. borrow less after the tax is introduced. borrow the same amount after the tax is introduced. save more after the tax is introduced. save less after the tax is introduced. save the same amount after the tax is introduced