The correct answer is option C i.e. C and E. Explanation In the region between C and E we can see that as the wage rate is increasing the individual labour supply is falling.
According to widely accepted economic theories, the labour supply is the total number of hours (adjusted for effort intensity) that employees would like to work at a specific real wage rate.
A labour supply curve, which displays hypothetical wage rates drawn vertically and the amount of labour that an individual or group of individuals is willing to offer at those wage rates displayed horizontally, is a common visual representation of this phenomenon. The percentage of the population that is employed, the average number of hours worked by those who are employed, and the average number of hours worked by the population at large are the three main components of labour supply or expected hours of work.
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