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 and a substitute in production,rises,what is the new beans equilibrium,ceteris paribus?
Definitions:
Recent Data
Recent Data refers to the latest or most contemporary data available in a dataset, useful for making current analyses or predictions.
Smoothing Calculation
A mathematical process used to remove short-term fluctuations and highlight longer-term trends or cycles in data sets.
Cyclical Component
A pattern in a time series data set that occurs at regular or predictable intervals, often related to economic cycles.
Periodic Fluctuations
Systematic variations within a time series data that occur at regular intervals over time.
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