If the co-efficient of elasticity of demand is 1.5, then the demand is? By: Sunday|Published on: May 24|Categories: Economics WAEC| 0 comments A. fairly inelastic B. perfectly elastic C. elastic D. inelastic Correct Answer: Option C C. elastic Users Also Read These:Price elasticity of demand is defined as the?An increase in the demand for butter reduces the…If the coefficient of price elasticity of demand is…When elasticity is zero; demand curve is?If the coefficient of price elasticity of demand of…SEE ALSO A customs union is an economic grouping which has