If elasticity of demand is greater than I and less than infinity; demand is said to be? by Sunday | Oct 27 | Economics JAMB | 0 comments A. elastic B. perfectly inelastic C. inelastic D. perfectly elastic Correct Answer: Option A – elastic Users Also Read These:If the elasticity of demand for a commodity is less…As an object is moved close to the focus of a…If the coefficient of price elasticity of demand is…If the price elasticity of demand for a certain…When Elasticity of Demand is greater than one, the…