A worker with a backward-bending labor supply curve responds to an increase in wages by working more hours.

Name: A worker with a backward-bending labor supply curve responds to an increase in wages by working more hours.
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Question

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A backward-bending labor supply curve indicates that beyond a certain wage level, as wages continue to increase, the worker chooses to work fewer hours, valuing leisure over additional income.

A Worker with a Backward-Bending Labor Supply Curve Responds to an Increase