Use the Data to Construct Supply and Demand Curves (Need it in 1 day)

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.

 

 

*The attached is an example of the supply and demand using excel and graph.

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