Question: 1. If the consumption function is given by C = 150 + 0.85(Y - 7) and 7 increases by I unit, then savings: A) decreases

1. If the consumption function is given by C = 150 + 0.85(Y - 7) and 7 increases by I unit, then savings: A) decreases by 0.85 unit. B) decreases by 0.15 unit. C) increases by 0.15 unit. D) increases by 0.85 unit

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