nts You may prefer to copy and paste these into your text box before submitting it The demand schedule for the product produced by a monopolist is given in the table below. Complete the Columns of Quantity Demanded. Price, Total Revenue, Marginal al revenue (2 pts), and answer the questions below the table Revenue Quantity demanded Price Total revenue Marginal revenue O $325 4 300 250 225 200 125 8 8 (a) What do the data in the table indicate about the relationship between total revenue and marginal revenue? Explain.(3 pts) (b) What do the data in the table indicate about the price elasticity of demand? (3 pts) As always, you need to say enough on each topic to let me know you understand what you're talking about. Any response that seems to quote too extensively from your text OR from any other source will receive NO points. Any response using the exact same wording as another student's will receive NO points