Demand and supply relationships are required for an understanding of the economics of Taiwan's pulp and paper industry. In this report, long-term supply and demand elasticities were derived with a nonparametric method exploiting the consequences of the weak axiom of profit maximization (WAPM). No assumptions were imposed on the form of the profit function, and all own-price elasticities necessarily had the expected theoretical signs. Due to an infinite number of quantity responses being consistent with the theory and data, finding a unique response required a new assumption: quantities were adjusted just enough to satisfy the WAPM. Data sets pertaining to the pulp and paper industry of Taiwan from 1981 to 1994 were fitted to the model. Five outputs and seven inputs were recognized. A price shock of 20% led to elasticities that closely satisfied local homogeneity of the supply/demand functions, and the symmetry of price derivatives. All output supplies were elastic, or nearly so, with respect to their own prices. The own-price elasticities of input demand ranged from -0.8 to -2.3.