Question

What type of supply curve represents a situation where, after a certain level, an increase in wage rate decreases labor supply?

A Perfectly Inelastic
B Inelastic
C Exceptional (Backward Tending)
D Elastic
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)