[5 POINTS] Answer 1 of the 2 questions below. You MUST pick ONLY 1 question [if you answer both, only the 1st question will be graded]. i. Discuss the impact of a fall in the real wage on the individual's labor supply. Make sure to discuss what is the impact of the lower real wage on quantity of labor supplied under the Substitution Effect and then under the Income Effect. At the end, under what conditions will the individual work more? Discuss.