If elasticity of demand is greater than I and less than infinity; demand is said to be? By: Sunday|Published on: Oct 27|Categories: 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…If the demand elasticity coefficient of cars is 0.5;…An increase in the demand for butter reduces the…Demand is said to be price elastic, if the absolute…When elasticity is zero the demand curve is?SEE ALSO A market situation with a larger number of firms selling closely related but, differentiated products is?