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Use the Following Figure to Answer the Question : Figure

Question 26

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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.
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 NY<sub>2</sub> to NY<sub>3</sub>. 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
-_____ 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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