uestion 36 (1 point) Real Individual Labour Wage Supply (2) Rate Individual Labour Supply (1) Hours of Work L3 Supplied (LS) Refer to the diagram above. What is the significance of the point at the top of the backward bending of the supply curve marked L37 a) as wages increase over this range, the quantity of hours worked changes very little. (b) as wages increase over this range, the quantity of hours worked actually decreases. (c) as wages increase over this range, the quantity of hours worked also increases. (d) as wages increase of this range, the quantity of hours worked is more inelastic