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.
For example, if the price of the product is $10, the quantity demanded will be 100. As price increases to $20, demand will fall to 50, and when price further increases to $30 demand will fall to 25. Plotting these points on a graph will show a downward sloping demand curve from left to right.