2. How can one state that the supply of labour is an example of an exception to the law supply?
The supply of labour is one of the major examples of an exception to the law supply. The workers are generally concerned with high wages until a particular point. Once they are able to achieve a certain point, they might like to dedicate their time to other activities. It means that after a particular point, workers may not have a keen interest in high wages. Hence, initially, the labour supply is directly linked to the wages, but after a particular level, the relation between the supply of labour and wages turns inversely. It shows that the supply of labour refers to an exception of the law of supply.