Economy, asked by snigdha1604, 1 year ago

economics
I am not able to understand backward bending slope ​

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Answered by SSU
1

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

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