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Solve the problem with supporting computation. Question: Suppose that as the price of Y falls from $2.00 to $1.90, the quantity of Y demanded increases

Solve the problem with supporting computation. Question:

Suppose that as the price of Y falls from $2.00 to $1.90, the quantity of Y demanded increases from 110 to 118. Find the price elasticity of demand.
Indicate whether price elasticity of demand is elastic, inelastic, or unitary.
Did the revenue increase or decrease?

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