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.
Changes in Demand: Supply is constant, and demand decreases. The new intersection of the supply and demand curves is at a lower value on BOTH the price and the quantity axes. Therefore, a decrease in demand reduces BOTH EP and EQ.ffect on EP: -Both (increase in supply; decrease in demand) decrease price. Effect on EQ: -The increase in supply increases EQ, but the decrease in demand reduces it. -Indeterminate, depending on the relative sizes of the changes in supply and demand.