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.
Elastic Demand Curves. If the demand for an item changes proportionately more than the price changes, then the item is price elastic. For example, if a 1-percent price increase leads to a decrease in demand of 2 percent, then the item has an elastic demand.These items usually have many substitutes or are luxury items.f the demand for an item changes proportionately less than the price changes, then the item is price inelastic. For example, a demand curve is inelastic if the price of an item increases by 1 percent and purchases decrease by half a percent.