The backward bending portion of an individual labour supply curve is indicative of:

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The backward bending portion of an individual's labor supply curve indicates that at higher levels of income, the income effect (which leads to a desire for more leisure and thus less work) outweighs the substitution effect (which would lead to working more hours due to higher wages). This results in a reduction of work hours as wages continue to increase beyond a certain point.

The Backward Bending Portion of an Individual Labour Supply Curve