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.
The opposite of cost-push inflation, where increased production costs drive the price of a particular good or service up, is demand-pull inflation. Demand-pull inflation includes times when an increase in demand is experienced and production cannot be increased to meet the changing need. In these cases, product costs rise as a reflection of the imbalance in the supply and demand model.