Elasticity and Vanity Plates. Suppose the price elasticity of demand for vanity plates in your state is . 6 0 . The initial price is $ 1 8 ?and the initial quantity is 1 6 0 0 ?plates per week. Suppose the state decreases the price by 2 0 ?percent. What will be the new total revenue per? week? ?$ ?? enter your response here ?(enter your response as an? integer).