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 coefficient of price elasticity of demand is…In a situation where demand is perfectly elastic,…When a change in price does not affect the quantity…The effect of an increase in price on the demand for…If the price elasticity of demand for a good is…