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…If the elasticity of demand for a commodity is less…A bill of exchange paid before its due date at an…At what position will an object be placed in front…If a firm's price is less than average cost but more…