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4. (3 points) On Graph 2A, add a budget constraint that illustrates a decrease in the Benefit Reduction Rate (RR). a. (3 points) Does Bob

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4. (3 points) On Graph 2A, add a budget constraint that illustrates a decrease in the Benefit Reduction Rate (RR). a. (3 points) Does Bob work more or less with the decrease in the RR? Explain why (i.e., income and substitution effects table). b. (3 points) Does Ann work more or less with the decrease in the RR? Explain why (i.e., income and substitution effects table). (2A) Ann Bob

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