Question

briefly describe the backward bending supply curve​

Answer 1

★᭄ꦿ᭄Answer★᭄ꦿ᭄

In economics, a backward-bending supply curve of labour, or backward-bending labour supply curve, is a graphical device showing a situation in which as real (inflation-corrected) wages increase beyond a certain level, people will substitute leisure (non-paid time) for paid worktime and so higher wages lead.