For a Consumer Not Bound by the Collateral Constraint, a Reduction

For a consumer not bound by the collateral constraint, a reduction in the price of the collateral leads to

A) a decrease in current consumption and no change in future consumption.
B) nothing.
C) no change in current consumption and a decrease in future consumption.
D) an increase in current consumption and a decrease in future consumption.
E) a decrease in current and future consumption.