If Sharnae's individual labor supply curve is backward sloping, then Sharnae responds to an increase in her
A)wage by working fewer hours per week.
B)opportunity cost of leisure by taking more hours of leisure per week.
C)wage by working more hours per week.
D)Both a and b are correct.

Question

Quizplus · Accepted Answer

A backward sloping labor supply curve indicates that as wages increase, Sharnae chooses to work fewer hours, opting for more leisure time instead. Thus, both A and B are correct.

If Sharnae's Individual Labor Supply Curve Is Backward Sloping, Then