Answer: Answer: "The supply of labor to an industry will decrease when workers receive better employment opportunities in other industries."
Explanation: The determinants of the supply of labor are:
Other wages: If the salary of other occupations increases, the offer of this type of work comes down.
Non-salary income: If these incomes increase, the supply of labor goes down.
Preferences for work versus leisure: If preferences increase, the
supply of labor increases.
Non-wage aspects of employment: If these aspects improve, the
supply of labor increases.
Number of bidders
: If there is an increase in number of workers, the supply of labor increases.
