Please help with explaining the following question, Q4 [20 points]...
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Please help with explaining the following question, 
Q4 [20 points] A recent article, published in Journal of Post-autistic Economics, found that the elasticity of demand for Google Play apps is -0.7 . This elasticity applies to a small college town where approximately 2,000 apps per month sold. If price rises by 10%, what would be the effect on quantity demanded? Would revenue rise or fall? What is the percentage change in revenue (price times quantity)? Interpret and explain your results
Please help with explaining the following question,
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