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?(1 point)

Question

Responses

The supply of welding will increase.
The supply of welding will increase.

It is impossible to tell.
It is impossible to tell.

The supply of welding will decrease.
The supply of welding will decrease.

The supply of welding will be unaffected.

Answer 1

The correct response is:

The supply of welding will increase.

This is due to the state program increasing access to vocational education, which is expected to grow the workforce. However, despite the increase in prices for tools, the primary factor here is the increased access to education, which generally leads to an increase in the supply of skilled workers in the profession.