p = 2.75? The current toll for the use of a certain toll road is $2.75. A study conducted by the state highway department determined that, with a toll of p dollars, q cars will use the road each day, where q = 60,000e . Is demand elastic or inelas To determine if demand is elastic or inelastic, the elasticity must be computed. To compute the elasticity of demand for the given equation, use the formula for elasticity. What is the formula for elasticity? O A. E(p) = - pf(p) f' (p) O B. E(p) = pf'(p) f(p) _pf(p) O C. E(p) = f' (p) &D. E(P) = pf'(p) f(p) Notice that f(p) = q =60,000e is given in the problem statement, but f'(p) is not. Calculate f'(p). f'(p) = -(60,000e-0.6p ) -36000e- 6p Thus, f'(p) = - 36,000e". What is the next step to be taken to compute the elasticity of demand? O A. Substitute the values of p and f(p) into the formula for elasticity. O B. Solve the formula for elasticity for p. O C. Solve q = 60,000e- 0 6P for p. D. Substitute the values of f(p) and f'(p) into the formula for elasticity. Apply the next step found above. E(P) = (Use integers or decimals for any numbers in the expression. Do not simplify.)