The elasticity coefficients of demand are 2.6, 0.5, 1.4, and 0.18 for demand schedules D1, D2, D3, and D4, respectively. A 2 percent price increase will result in an increase in total revenues in the cases of:

The income distribution of college graduates overlaps that of high school dropouts

Indicate whether the statement is true or false

Refer to Figure 6.1. The area RSTU represents 

A. economic surplus. B. the loss incurred by the monopolist. C. the profit earned by the monopolist. D. deadweight loss.