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?

Question

- the supply of welding will decrease
-the supply of welding will be unaffected
-it is impossible to tell
-the supply of welding will increase

Answer 1

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.