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.
It depends on both the floor and the market price. If the floor is below the market price then there is no effect. If the floor is above the market price then more will be supplied and less will be demanded leading to excess supply. The decrease in demand can be caused by consumers switching to similar products or consumers leaving the market because the price is more than they are willing to pay. Views Â· View Upvotes.