Answer the questions below by choosing the best answer and explain your reasonings. 1.The intertemporal substitution hypothesis suggests that hours of work should A. be greatest during peak wage years. B. steadily increase with age. C. steadily decrease with age. D. be greater for women than for men. E. increase during retirement. 2. Suppose in a company, the initial wage (for everyone) is 10 dollars per hour and all workers work for 20 hours per week. Later, all workers get a raise to 20 dollars per hour. Worker A works for 25 hours per week; worker B works for 30 hours per week; worker C works for 35 hours per week. Which worker's labour supply is the most elastic? A. Worker A B. Worker B C. Worker C D. All three have the same elasticity E. Need more information to answer this