Use the Following Figure to Answer the Question : Figure

question 26

Multiple Choice

Use the following figure to answer the question : Figure 17-1 : shows the weekly income (in dollars) and leisure (in hours) of a worker using an indifference curve and a budget line.

-_____ will cause the budget line in Figure 17-1 to rotate from NY₂ to NY₃.

• A)An increase in work effort
• B)A fall in work effort
• C)A rise in the wage rate
• D)A fall in the wage rate

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