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0 5 8 -I- no Mean of [than [6 I I a C 0 Houn of Work What change to the above diagram would illustrate
0 5 8 -I- no Mean of [than [6 I I a C 0 Houn of Work What change to the above diagram would illustrate a raise in the market wage from $10 to $14 per hour for the individual modeled? O The budget constraint shifts upward and to the right, to a new budget constraint parallel to the initial budget constraint. 0 The budget constraint shifts outward, from U1 to U2. 0 The budget constraint shifts inward, from U2 to U1. 0 The budget constraint pivots upward, from AB to AC. 0 The budget constraint pivots downward, from AC to AB
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