Assignment:
Use the below link to create supply and demand curve for the element Silver
https://www.silverinstitute.org/site/supply-demand/
Research supply and demand curves for Silver.
Create an Excel® spreadsheet in which you do the following:
• Create a supply curve for Silver
• Create a demand curve for Silver.
• Calculate the average cost of silver in your local area.
• Calculate the standard deviation.
BE SURE TO INCLUDE A GRAPH
Determine whether the prices in your area are higher or lower than the world average.
Create a 700-word proposal in which you include the following:
• Explain elasticity of supply and demand and how this relates to the pricing decision of silver.
• Will the price increase or decrease in the future?
• Defend the pricing decision including all supporting documentation.
Cite a minimum of two scholarly references not including your text.