1. Suppose I offered you a job for the next 24 hr that paid $5,000 per hr. Compared to your current plan for the next 24 hr, I expect you will probably decide to work much more. Now, suppose I offered you a job that paid you $5,000 per hr, whenever you wanted to work, for the rest of your life. Compared to your current plan for the rest of your life, I expect you will now work a lot less.

What property of income effects is illustrated by this thought experiment?