Supply and Demand Graph $6.00 Price (per slice) 1 $5.00 $4.00 $3.00 $2.00 $1.00 Demand 100 0 50 150 200 300 350 Slices of pizza (per day) Interpret a Graph, Create Economic Models, and Transfer Information Using the graph above as an example, create a supply and demand graph that presents economic information and data of your own invention. When you have finished, transfer the information from the graph into a supply and demand schedule, using appropriate computer software if available. B I X 4 Supply 250

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Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.