Related to ? ?Application: Vanity Plates and the Elasticity Of DemandLOADING... Elasticity and Vanity Plates. Suppose the price elasticity of demand for vanity plates in your state is . 5 0 . ?The initial price is ? $ 4 0 ?and the initial quantity is 1 6 0 0 ?plates per week. Suppose the state increases the price by 5 ?percentWhat will be the new total revenue per? week? ?$ ?? enter your response here ?(enter your response as an? integer).