The demand equation for electric scooters is given by x = f(p) = 57000 - 25p where x is the number of electric scooters sold and p is the price in dollars. a. Find a formula for the elasticity of demand function E(p). E(p) = Preview b. When the price is p 1500, is the demand elastic, inelastic, or unitary? elastic inelastic unitary c. The elasticity at a price of $760 is 0.5. If the price increases by 3%, what is the approximate change in demand? Express you answer as a percentage change and state whether the change is an increase or a decrease in demand. The demand will increase by approximately 1.5% The demand will decrease by approximately 3% The demand will decrease by approximately 1.5% The demand will increase by approximately 3%