The introduction of computer spreadsheet technology has enhanced accountants' efficiency. What is the likely impact on the demand for accountants?

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The demand curve for accountants will shift rightward due to their improved productivity.Companies will increase the quantity demanded by moving upward along the existing demand curve for accountants.The demand curve for accountants will shift leftward because fewer accountants are needed to complete the same tasks.Firms will decrease the quantity demanded by moving downward along the demand curve for accountants.No change will occur in the demand or quantity demanded for accountants.

Explanation

When accountants become more productive through new technology, their demand curve shifts to the right, reflecting a higher demand at every wage level. This is because increased productivity makes accountants more valuable to firms, leading to greater demand rather than just a movement along the demand curve.