A backward-bending labor supply curve implies that

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A backward-bending labor supply curve implies that

A backward-bending labor supply curve implies that
A) the substitution effect dominates the income effect at higher wage rates but not at lower wage rates.
B) the substitution effect dominates the income effect at lower wage rates but not at higher wage rates.
C) leisure is an inferior good.
D) workers are irrational.

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Microeconomics

Edition: 6^th

Author: Perloff

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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

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