Use the following to answer questions :
Figure: The Linear Demand Curve 
-(Figure: The Linear Demand Curve) Use Figure: The Linear Demand Curve.Suppose that this is the demand curve for scarves in your scarf shop.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:
Emotions
Are complex psychological states that involve physiological, behavioral, and cognitive reactions to stimuli or situations.
Performance
The level of achievement or execution of a task, measured against pre-set standards or goals.
Personality Differences
Variations in individual behaviors, emotions, motivations, and thought processes that make each person unique.
Heredity
The passing on of physical or mental characteristics genetically from one generation to another.
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