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.
Price ceilings alter market supply and demand. From an economic point of view, supply is how much of a product is available in the marketplace, which will decrease as prices decrease. Demand represents the public longing for a particular product and will naturally increase as price decreases.