The accompanying table shows the supply and demand schedules for workers in the country of Hovian. The supply schedule indicates that the labor supply curve is: $\begin{array}{ccc}\text { Wage } & \begin{array}{l}
\text { Quantity of } \
\text { Woukers Demanded }
\end{array} & \begin{array}{l}
\text { Quantity of } \
\text { Workers Supplied }
\end{array} \
\$ 10 & 150 & 75 \
\$ 20 & 100 & 100 \
\$ 30 & 75 & 125 \
\$ 40 & 60 & 135 \
\$ 50 & 40 & 125
\end{array}$

Question

Quizplus · Accepted Answer

The labor supply curve is backward bending because as the wage increases from $40 to $50, the quantity of workers supplied decreases from 135 to 125.

The Accompanying Table Shows the Supply and Demand Schedules for Workers