Question 9. Imagine you have a representative consumer with the following utility function u(C,l)=lnC+(1)lnl, where C represents consumption of goods and l represents hours of leisure. Assume that 0T. Is the labor supply increasing, decreasing, or constant in real wages? Discuss the income and/or substitution effects to explain your results. Question 9. Imagine you have a representative consumer with the following utility function u(C,l)=lnC+(1)lnl, where C represents consumption of goods and l represents hours of leisure. Assume that 0T. Is the labor supply increasing, decreasing, or constant in real wages? Discuss the income and/or substitution effects to explain your results