An individual's labor supply curve eventually bends backward because at a high enough wage rate,
A) people are willing to work more hours.
B) employers are willing to hire more workers.
C) people desire more leisure time.
D) very few workers are hired.
E) more people enter the labor market to search for jobs.

Question

Quizplus · Accepted Answer

As the wage rate increases, individuals may choose to work fewer hours because they value leisure time more highly. Therefore, the labor supply curve bends backward, indicating that at higher wage rates, individuals are willing to work fewer hours.

An Individual's Labor Supply Curve Eventually Bends Backward Because at a High