Consider the following demand and supply relationships in the market for golf balls: Qd= 90 − 2P − 2T and Qs= −9 + 5P − 2.5R, where T is the price of titanium, a metal used to make golf clubs, and R is the price of rubber.
a) If R = 2 and T = 10, calculate the equilibrium price and quantity of golf balls.
b) At the equilibrium values, calculate the price elasticity of demand and the price elasticity of supply.
a는
90-2P-20 = -9+5P-5
70-2P = -14+5P
84 = 7P
P = 12
Q = 90-24-20 = 46
b는
수요의 가격 탄력성 : -2 * 12 / 46 = - 0.52
그렇다면 공급의 가격 탄력성은 어떻게 구하죠????