When the elasticity of demand or supply is greater than 1.0, that demand or supply is said to be:

When the elasticity of demand or supply is greater than 1.0, that demand or supply is said to be:

When the elasticity of demand or supply is greater than 1.0, that demand or supply is said to be:



a. elastic.
b. stagnant.
c. marginal.
d. inelastic.


Answer: A


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