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.
By itself a supply increase results in an increase in equilibrium quantity and a decrease in equilibrium price. A simultaneous increase in demand and increase in supply unquestionably generates an increase in the quantity exchanged. However, the change in the price is indeterminant.