Question

what is mean by bending supply curve of labour explain diagrammatically with daigram plzz need it fast​

Answer 1

The substitution effect states that a higher wage makes work more attractive than leisure. Therefore, in response to higher wages, supply increases because work gives greater remuneration.

The income effect states that a higher wage means workers can achieve a target income by working fewer hours. Therefore, if wages increase, it becomes easier to get enough income through working fewer hours.

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Answer 2

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Explanation:

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