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 be unaffected.
The supply of welding will be unaffected.

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

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

The supply of welding will decrease.

Answer 1

The supply of welding will increase.

The increased access to vocational education programs will prepare more individuals to enter the welding profession, leading to a larger supply of welders. While the rise in tool prices may pose a barrier for some potential welders, the overall growth in access to education is likely to outweigh this negative impact, resulting in an overall increase in the supply of welders.