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Why is the labor supply curve "backward bending" or downward-sloping in this model? Explain, with reference to the assumption(s) of this model. | Study.com
Refer to the diagram above. What is the significance of the point at the top of the backward bending of the supply curve marked L3? a. As wages increase over this range,
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How to Derive the Backward Bending Supply Curve of Labour?
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a: The backward-bending labor supply curve 1 | Download Scientific Diagram
