Calculate equilibrium price and quantity. calculate price, Ask an Expert

Economics

Consider the demand and supply of golf balls

Qd=90-2P-2T
Qs=-9+5P-2.5R
Where
R is Rubber
T is Titanium

If R=2 and T=10
find out equilibrium price and quantity.
find out price elasticity of demand and price elasticity of supply.
find out cross price elasticity of demand.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M970437

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