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:The coefficient of price elasticity of demand is…As an object is moved close to the focus of a…If the price elasticity of demand for a certain…If the co-efficient of elasticity of demand is 1.5,…A person can focus an object only when it lies…