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...

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?