Sally goes to the grocery store each week looking to purchase items that will give her as much utility as possible, given her $100 budget. Last week pears were priced at $4.50 each, and Sally purchased 3 pears. This week pears are on sale for $2.50 each, while all other prices have remained the same, and Sally chooses to purchase 7 pears. Given this information, plot Sally's demand curve for pears. Provide your answer below: %24 This Week (3,$5.5) -4. Last Week (7.5,$3) -2- Price of Pears ($).

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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.