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.
If price rises, quantity demanded falls, and total revenue will rise (because the increase in price was larger than the decrease in quantity demanded).. b. If price falls, quantity demanded rises, and total revenue will fall (because the fall in price was larger than the increase in quantity demanded).