Quantity

Price

$($dollars$)$

Total Revenue

$($dollars$)$

$1$

$$7\mathrm{.}50$

$$7\mathrm{.}50$

$2$

$7\mathrm{.}00$

$14\mathrm{.}00$

$3$

$6\mathrm{.}50$

$19\mathrm{.}50$

$4$

$6\mathrm{.}00$

$24\mathrm{.}00$

$5$

$5\mathrm{.}50$

$27\mathrm{.}50$

$6$

$5\mathrm{.}00$

$30\mathrm{.}00$

The above table refers to the next three questions.

The Table shows

Group of answer choices

an inelastic segment of the demand schedule.

an elastic segment of the demand schedule.

a demand schedule with an inelastic segment from $$7\mathrm{.}50$ to $$6\mathrm{.}50$ followed by an elastic segment.

a demand schedule with an elastic segment from $$7\mathrm{.}50$ to $$6\mathrm{.}50$ followed by an inelastic segment.