A CPA recently has come to expect higher prices for expert tax advice in the near future. We would expect: a. the CPA to supply more expert tax advice now then she was supplying previously. b. no change in the CPA's current supply, instead, future supply will be affected. c. the CPA to supply more expert tax advice now than she was supplying previously. d. the CPA to supply less expert tax advice now than she was supplying previously.

Question

Richards

Business

22 September, 05:12

A CPA recently has come to expect higher prices for expert tax advice in the near future. We would expect: a. the CPA to supply more expert tax advice now then she was supplying previously. b. no change in the CPA's current supply, instead, future supply will be affected. c. the CPA to supply more expert tax advice now than she was supplying previously. d. the CPA to supply less expert tax advice now than she was supplying previously.

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Answers (1)

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Karli Stout · Answer 1

Correct option D

Explanation:

The CPA to supply less expert tax advice now than she was supplying previously.

From the law of which state that the higher the price the lower the quantity demanded.

From the above scenario, it is clear that those who need the services of the tax expert will reduce their demand for them because the price to be paid has gone higher.