Use the figure to answer the following question(s). Figure 12-2 The demand D ₁ and short-run supply S _SR of accountants is indicated in Figure 12-2. Which of the following would most likely shift the demand for accountants from D ₁ to D ₂? A) an increase in the number of accounting majors in college B) enacting legislation that increases the complexity of personal and business tax returns C) high wages for accountants D) a reduction in the wages of bookkeepers, a substitute resource for accountants

Question

Quizplus · Accepted Answer

Enacting legislation that increases the complexity of personal and business tax returns would increase the demand for accountants as individuals and businesses would require more assistance in navigating the new tax laws. This would shift the demand curve to the right from D ₁ to D ₂. None of the other options would have a direct effect on the demand for accountants.

Use the Figure to Answer the Following Question(s)