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?
- the supply of welding will decrease
-the supply of welding will be unaffected
-it is impossible to tell
-the supply of welding will increase
1 answer
It is impossible to tell without further information. While the state program has increased access to vocational education programs, the increased price of tools may discourage individuals from pursuing welding as a profession. This could potentially lead to a decrease in the supply of welders. Conversely, if the demand for welding remains strong and individuals are willing to invest in the higher-priced tools, the supply of welders could remain unaffected or even increase.