Demand is said to be price elastic, if the absolute value of price elasticity of demand is? by Sunday | Jan 20 | Agricultural Science WAEC | 0 comments A. greater than one B. less than one C. one D. zero Correct Answer: Option A A. greater than one Users Also Read These:If the price of a commodity with elastic demand…Demand is said to be elastic when a percentage…If elasticity of demand is greater than I and less…The effect of an increase in price on the demand for…In a situation where demand is perfectly elastic,…