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We usually think of supply curves as (everywhere) upward sloping. Yet it is possible that a higher wage might actually induce workers to work fewer
We usually think of supply curves as (everywhere) upward sloping. Yet it is possible that a higher wage might actually induce workers to work fewer hours. That is, there may be a portion of the supply curve in which price increases actually decrease hours supplied.
Demonstrate graphically how this could happen.
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