The backward-bending supply has long received standard textbook treatment, its primary application being the supply of labor. A number of economists have also suggested the existence of a backward-bending supply curve for commodities in the underdevel...
The backward-bending supply has long received standard textbook treatment, its primary application being the supply of labor. A number of economists have also suggested the existence of a backward-bending supply curve for commodities in the underdeveloped economies, but this application has been usually derivative of the supply curve for labor.