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Question 9 1 Point When a product has a totally inelastic price elasticity of demand, a shift in the supply curve to the left will result in A No change in price and no change in equilibrium quantity B A rise in equilibrium price and no change in the equilibrium quantity C A rise in both the equilibrium price and quantity D An increase in the price elasticity of demand all along the demand curve E A fall in total revenueQuestion 10 1 Point If a firm is selling a good which has a price elasticity of demand equal to -2.50 then a fall in the price of the good will Increase the total revenue of the firm B Increase the price elasticity of demand further down the demand curve Reduce the quantity demanded at all prices Shift the whole demand curve to the left E Make no difference to the total revenue received by the firm