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 decrease.
The supply of welding will decrease.

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 be unaffected.

Answer 1

The supply of welding will likely increase.

The growth in the welding workforce due to increased access to vocational education suggests that more individuals are becoming trained and certified in welding. While the increase in the price of tools could make it more expensive for current welders to enter the profession or for new entrants to start working, the overall increase in qualified welders from the education programs is likely to outweigh this factor. Consequently, the supply of welders is expected to increase.