The Labour Supply Curve May Eventually Become "Backward Bending" at High

question 24

Multiple Choice

The labour supply curve may eventually become "backward bending" at high wages because

• A)the income effect of the higher wage is dominated by the substitution effect.
• B)the income effect of the higher wage dominates the substitution effect of the higher wage.
• C)firms will demand added productivity from the workers as the wage reaches very high levels.
• D)firms will demand longer hours in trade for the higher wages.
• E)people get tired of working so many hours and refuse to increase their labour supply.

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