Explain the abnormal supply curves
Answers
There are cases where the law of supply may fail to be obeyed, and more may be supplied as prices fall and less as prices rises. A case at hand is the one of target workers. The supply curve of labor for target workers is a downward sloping curve showing that at higher wages rates, target workers are willing to work for less hours while at low wage rates target workers are willing to work are willing to work for more hours. This is because target workers normally set for themselves a target and after achieving that target they don’t bother to go ahead with work. This is shown below.
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March 6, 2019 at 06:36
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