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.
Best Answer: Draw the diagram, downward sloping demand curve, upward sloping supply. If demand shifts out at first there will be excess demand. Consumers will be willing to pay higher prices and the price will rise. Eventually you will reach a new equilibrium point with high price and higher quantity.