When price elasticity of supply is equal to 0.4, supply is said to be? by Sunday | Jul 31 | Economics WAEC | 0 comments A. inelastic B. elastic C. unitary elastic D. public utilities Correct Answer: Option A – inelastic Users Also Read These:If price of a commodity rises from N2.00 to N4.00…Determine the price elasticity of demand if the…If the price elasticity of demand for a good is 0.43…At a co-efficient of price elasticity of supply of…A seller increased the quantity he offered for sale…