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, the individual labor supply curve may begin to bend backward, meaning that individuals may choose to work fewer hours as their income levels increase. This is due to the income effect, where individuals may value their leisure time more when they have more money, and may choose to trade off work hours for leisure.

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