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:The effect of an increase in price on the demand for…An elastic string of force constant 200N m-1 is…If the coefficient of price elasticity of demand of…What is the elasticity of demand for commodity X, if…Demand is said to be elastic when a percentage…