If the co-efficient of elasticity of demand is 1.5, then the demand is? by Sunday | May 24 | Economics WAEC | 0 comments A. fairly inelastic B. perfectly elastic C. elastic D. inelastic Correct Answer: Option C C. elastic Users Also Read These:Demand is said to be price elastic, if the absolute…The coefficient of the price elasticity of supply is…If the elasticity of demand for a commodity is less…If the demand elasticity coefficient of cars is 0.5;…The coefficient of income elasticity of demand for…