During the Past Year,Teddy Had a Part-Time Job at Which

Multiple Choice

During the past year,Teddy had a part-time job at which he is willing to work 30 hours each week.During Teddy's annual review,his boss grants him an 8 percent increase in his wage.As a result of the wage increase,Teddy is now willing to work 25 hours each week.Teddy's opportunity cost of ________ has risen and for Teddy the substitution effect of the wage hike is ________ the income effect.

A) leisure;less than
B) leisure;more than
C) labour;less than
D) labour;more than
E) leisure;equal to