Use the Figure Below to Answer the Following Questions

question 123

Multiple Choice

Use the figure below to answer the following questions. Figure 3.5.2
Original equilibrium at 1.
-Refer to Figure 3.5.2,which represents the market for beans.If the price of peas,a substitute for beans rises,what is the new beans equilibrium,ceteris paribus?

• A)8
• B)3
• C)9
• D)5

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Definitions:

Succession Planning

The process of making long-range management development plans to fill human resource needs.

Lateral Transfer

The movement of an employee from one position to another of equivalent status, responsibilities, and pay within the same organization.

Temporary Assignment

A work assignment that has a defined start and end date, often used to fill short-term needs for specific projects or to cover for absent employees.

Employee Exchange Program

A program where employees from different departments, companies, or countries swap positions temporarily to gain diverse experience and insights.