Given that individuals react to financial incentives, what is the likely outcome if accountants' average salaries rise by 50%, while teachers' average salaries increase by only 20%?

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More students will enroll in education programs and fewer in accounting.A reduced number of students will pursue education degrees, while more will opt for accounting studies.There will be a general decline in university enrollment.None of the above outcomes will occur.Students' course choices will remain unchanged.

Explanation

Since people tend to respond to higher financial rewards, a larger salary increase for accountants compared to teachers will likely cause more students to choose accounting degrees and fewer to select education degrees.