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.

Question

Quizplus · Accepted Answer

An unexpected increase in demand for accountants will likely lead to higher earnings due to increased competition for their services, which in turn will attract more individuals to pursue accounting careers, expanding future supply.

An Unexpected Increase in the Demand for Accountants Will Lead