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.
[A] if price increases by $1.00, quantity demanded will decrease by .85. [B] if price decreases by $0.85, quantity demanded will increase by 1. [C] a price of $1.00 will result in sales increase of .85 units. [D] if price increases by 1%, quantity demanded will decrease by .85%. [E] if price increases by 1%, demand will decrease by .85%.