If the co-efficient of elasticity of demand is 1.5, then the demand is? By: Sunday|Published on: May 24|Categories: Economics WAEC| 0 comments A. fairly inelastic B. perfectly elastic C. elastic D. inelastic Correct Answer: Option C C. elastic Users Also Read These:The coefficient of price elasticity of demand is…Demand is said to be price elastic, if the absolute…When elasticity is zero; the demand curve is __________?When elasticity is zero; demand curve is?If the elasticity of demand for a commodity is less…SEE ALSO The shape of the average cost (AC) shows that as production increases?