-Refer to the Diagram Above

Multiple Choice

-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, the quantity of hours worked also increases.
B) as wages increase over this range, the quantity of hours worked changes very little.
C) as wages increase of this range, the quantity of hours worked is more inelastic.
D) as wages increase over this range, the quantity of hours worked actually decreases.