Question

The welding workforce (supply) is expected to grow due to a state program that has increased the access of the vocational education programs necessary to become proficient in the profession. Unfortunately, the price of tools to be a welder have gone up. What impact will this development have on the supply of welders?
Responses

It is impossible to tell.
It is impossible to tell. - no response given

The supply of welding will increase.
The supply of welding will increase. - no response given

The supply of welding will be unaffected.
The supply of welding will be unaffected. - no response given

The supply of welding will decrease.
The supply of welding will decrease. - no response given

Answer 1

It is impossible to tell.

Explanation: increased access to training shifts the supply of welders right (more workers), while higher tool prices raise the cost of becoming/being a welder and shift supply left. The net change depends on which effect is larger.