Use the following to answer questions:
Figure: The Linear Demand Curve 
-(Figure: The Linear Demand Curve) Look at the figure The Linear Demand Curve. If you increase the price of your scarves from $7 to $8, your total revenue will _____, and you notice that your price elasticity of demand is _____.
Definitions:
Antitrust Challenge
A legal objection or action undertaken to combat or prevent monopolistic practices and to maintain competition in the marketplace.
Relevant Product Market
The market segment comprising all those products or services that are considered by the consumer to be interchangeable or substitutable due to the products' characteristics, prices, or intended use.
Clayton Act
An antitrust law in the United States that prohibits certain activities leading to anti-competitiveness, supplementing the Sherman Act.
Labor Unions
Organizations formed by workers to protect their rights and interests, often through collective bargaining with employers.
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