Determinants of Supply Quick Check
5 of 55 of 5 Items
Question
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)
Responses
The supply of welding will decrease.
The supply of welding will decrease.
The supply of welding will be unaffected.
The supply of welding will be unaffected.
The supply of welding will increase.
The supply of welding will increase.
It is impossible to tell.
The supply of welding will decrease.
The correct answer is: The supply of welding will increase.
Explanation: The development of increased access to vocational education programs will encourage more individuals to pursue a career in welding, leading to an increase in the supply of welders. The increase in the price of tools may make it more expensive for individuals to become welders, but it does not directly impact the supply of welders.