The supply of labor to one industry will decrease when

Name: The supply of labor to one industry will decrease when
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Question

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When workers receive better employment opportunities in other industries, they are more likely to shift to those industries and thereby decrease the supply of labor to the industry they were previously employed in. This is because the opportunity cost of working in the original industry has increased relative to the new industries, making it more attractive for workers to move.

The Supply of Labor to One Industry Will Decrease When