ELASTICITY OF DEMAND: A company can sell q=11270-23p of a certain model of digital camera (given in thousands) at a price of p dollars each. a. Determine the elasticity of demand function E(p) for this camera. b. Suppose the current price is set at $275. Evaluate E(p) at the current price (express answer as a decimal rounded to the hundredths place). c. Specify whether demand is elastic or inelastic at this price and give a reason.

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