Problem
Platinum's white luster has made the rare metal the chic look in engagement rings and wedding bands. Recently, however, the price of palladium, a more abundant metal with virtually identical characteristics, has declined considerably. Explain the likely effects that the drop in the price of palladium will have on the market for platinum.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.