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 greater burden of tax on a product with high price…At what position will an object be placed in front…As an object is moved close to the focus of a…A person can focus an object only when it lies…If the price elasticity of demand for a certain…