Although CPAs have specific education and experience requirements, regular accountants do not. That means students have the opportunity to study in any number of related fields and still be eligible to fill accounting positions. Here are five popular degree options for accountants.
If the demand increases, and the supply remains the same, there will be a shortage. This will mean the price will increase. If the demand decreases, and the supply remains the same, there will be a surplus. This will mean the price will go down.
The demand for normal goods increases when the economy is expanding, but decreases when the economy is contracting. Conversely, the demand for inferior goods is counter-cyclical. The higher the positive value for YED, the greater the effect of a change in national income on consumer demand.