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 No change in price and no change in equilibrium quantity B A rise in equilibrium price and no change in the equilibrium quantity A rise in both the equilibrium price and quantity An increase in the price elasticity of demand all along the demand curve A fall in total revenue Question 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 A 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 Make no difference to the total revenue received by the firm