Money Income (dollars) Observed 224 Change B N2 160 Z U2 16 Hours of Leisure 16 11 0 Hours 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. O The budget constraint shifts outward, from U1 to U2. O The budget constraint shifts inward, from U2 to U1. O The budget constraint pivots upward, from AB to AC. O The budget constraint pivots downward, from AC to AB