(c) Lara offers 100 autograph bats. If each is priced at p dollars, it is that the demand curve for the bast will be p = 250 − q/4 . If price elasticily is E(p) = dq/q ÷ dp/p . When |E(p)| 1, demand...

(c) Lara offers 100 autograph bats. If each is priced at p dollars, it is that the demand curve for the bast will be p = 250 − q/4 . If price elasticily is E(p) = dq/q ÷ dp/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?