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…A person can focus an object only when it lies…If the coefficient of price elasticity of demand is…As an object is moved close to the focus of a…The coefficient of price elasticity of demand is…