Asked by
Ankit Vashisht
on Dec 12, 2024
Verified
An unexpected increase in the demand for accountants will lead to
A) an increase in their earnings and an expansion in the future supply of accountants.
B) a decrease in the incentive of students to prepare for a career in accounting.
C) a reduction in the current earnings of accountants, followed by a reduction in the future supply of accountants.
D) a reduction in the employment of accountants but not their wage rates.
Demand For Accountants
The need or desire for professionals skilled in maintaining and interpreting financial records within a market or economy.
Earnings
The amount of profit that a company produces during a specific period, which is of interest to shareholders and potential investors.
- Predict the implications of external market changes on resource demand and supply.
- Explain how changes in resource prices influence market equilibrium and business strategies.
Verified Answer
DH
Learning Objectives
- Predict the implications of external market changes on resource demand and supply.
- Explain how changes in resource prices influence market equilibrium and business strategies.