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After restructuring, your division has had trouble filling the open positions with appropriate candidates. The selection processes used by human resources have not yet adjusted to the new criteria required for the restructured job positions. This problem is an example of which kind of resistance to change?
Taxes Rise
Taxes rise refers to the increase in the required contributions by individuals or corporations to government revenues.
Laspeyres Price Index
a measure of the change in the cost of purchasing a fixed basket of goods and services, relative to the cost of the same basket in a base period.
Demand Function
A mathematical expression showing the relationship between the quantity demanded of a good and its price, along with other determinants like income and prices of related goods.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to substitute one good for another.
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