If the supply curve for labor is backward bending, and if the wage of a worker increases, she might choose to work:
A)fewer hours per week, since she can earn the same income working fewer hours
B)more hours per week, since she can earn the same income working fewer hours
C)fewer hours per week, since every hour of leisure is cheaper than before
D)more hours per week, since she needs to work more hours to earn the same income

Question

Quizplus · Accepted Answer

The backward bending supply curve of labor illustrates that as wages increase beyond a certain point, workers may choose to work fewer hours because they can maintain their desired income level while enjoying more leisure time.

If the Supply Curve for Labor Is Backward Bending, and If