Question 1 Your boss has told you that because of a Not yet decrease in the demand for the designer answered baby food your firm produces, he will have to Marked out of cut everyone's salary next year to avoid 2.67 layoffs. In response to this news you would F Remove flag Select one: O A. decrease your labour supply because there would be a substitution effect, but no income effect. O B. increase your labour supply because there would be an income effect, but no substitution effect. O C. decrease your labour supply because the substitution effect would be stronger than the income effect. O D. increase your labour supply because the income effect would be equal to the substitution effect