An individual's supply curve is backward bending when wages rise above a certain point.

Question

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When an individual's income or wages increase beyond a certain point, the backward bending supply curve suggests that they may begin to work less because they don't have as much incentive or need to work longer hours or take on additional jobs to make ends meet. This is due to a combination of factors such as reduced work-life balance, increased leisure time or the diminishing returns of increasing income.

An Individual's Supply Curve Is Backward Bending When Wages Rise