A professional tennis player enters fewer tournaments each year as the prize money she won increased. This observation indicates that the tennis player

Name: A professional tennis player enters fewer tournaments each year as the prize money she won increased. This observation indicates that the tennis player
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Question

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A backward bending labor supply curve suggests that as the player's income increases, she chooses to work less, which explains why she enters fewer tournaments as her prize money increases.

A Professional Tennis Player Enters Fewer Tournaments Each Year as the Prize