If elasticity of demand is greater than I and less than infinity; demand is said to be? By: Sunday|Published on: Oct 27|Categories: Economics JAMB| 0 comments A. elastic B. perfectly inelastic C. inelastic D. perfectly elastic Correct Answer: Option A – elastic Users Also Read These:An increase in the demand for butter reduces the…If we move from 8 to 6, the elasticity of demand is?If the coefficient of price elasticity of demand of…Who bears the greater burden of the indirect tax…Demand is said to be price elastic, if the absolute…SEE ALSO The type of business finances that entitles the holder to a fixed rate of dividend is?