Suppose a seller of textile cloth in Egypt wants to raise the price of its product from \(p_{1}=30\) pounds per meter to \(p_{2}=36\) pounds per meter. If it is presently selling \(Q_{1}=2,000\) meters per month and the price elasticity of demand for the product equals -0.7 , would the firm's revenues rise or fall? Use a diagram of a linear demand curve to explain why. Label the various revenue areas on the diagram appropriately.