(c) Lara offers 100 autograph bats. If each is priced at p dollars, it is that the demand curve dq dp for the bast will be p = 250 – If price elasticily is E(p) 4 %3D p When [E (p)| < 1, demand is inelastic and when |E(p)|> 1, demand is elastic. (i) Find the price elasticity of demand for Lara's bats. (ii) Is demand inelastic or elastic?

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