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:A bill of exchange paid before its due date at an…If the coefficient of price elasticity of supply is…If the demand elasticity coefficient of cars is 0.5;…If a firm's price is less than average cost but more…A greater burden of tax on a product with high price…