If wages are relatively high,the individual labor supply curve may

Name: If wages are relatively high,the individual labor supply curve may
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When wages are relatively high, individuals may choose to work fewer hours because they can earn more money in less time. This causes the individual labor supply curve to bend backward, meaning that as the wage rate increases, the quantity of labor supplied initially increases but eventually begins to decrease.

If Wages Are Relatively High,the Individual Labor Supply Curve May