Which of the Following Best Explains the Backward Bending Portion

Multiple Choice

Which of the following best explains the backward bending portion of the labor supply curve?

A) An increase in the wage rate results in a larger income effect and a lower substitution effect.
B) An increase in the wage rate increases the quantity of labor supplied to the market.
C) An increase in the wage rate increases the elasticity of the labor supply curve.
D) An increase in the wage rate leads to a steeper labor supply curve.