Question 22 (10 points} Suppose that the representative consumer's preferences change, in that his or her marginal rate of substitution of leisure for consumption increases for anyr quantities of consumption and leisure. What effects does this have on the equilibrium real wage, hours worked, output, and consumption? {Using diagram, explain your answer in Assessment-AssignmentFinal Exam] 0 al consumption falls, leisure rises, production decreases, real wage increases 0 bl consumption rises, leisure falls or rises, production decreases. real wage increases 0 c) consumption falls, leisure either falls or rises, production increases, real wage increases 0 d} consumption rises, leisure falls, production increases, real wage increases 0 e] None of the above