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.
At this point, the equilibrium price (market price) is lower, and the equilibrium quantity is higher. In this graph, the increased demand curve and increased supply were drawn together. The new intersection point is located on the right hand side of the original intersection point.