Francis Crawford recently received a 20 per cent wage increase and desires to work less.We can conclude that at his current wage, his supply of labour curve

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According to the law of supply, the quantity of a good or service supplied increases as the price of that good or service increases. In this scenario, the wage increase would result in an increase in the opportunity cost of leisure time, which would cause Francis to supply more hours of work. However, he desires to work less, indicating that the opportunity cost of leisure time has become relatively more valuable to him. Therefore, his supply of labour curve would have a negative slope.

Francis Crawford Recently Received a 20 Per Cent Wage Increase