If the absolute value of the price elasticity of demand coefficient is greater than 1, we can say that demand is at this price. This indicates that a 1% increase in price will result in a 1% in quantity demanded.If the absolute value of the price elasticity of demand coefficient is greater than 'I, we can say that demand is 1% 0 at this price. This indicates that a 1% increase in price will result in a in quantity demanded. elastic inelastic It the absolute value of the price elasticity of demand coefficient is greater than \"I, we can say that demand is at this price. This indicates that a 1% increase in price will result in a c in quantity demanded. 1% greater than less than If the absolute value of the price elasticity of demand coefficient is greater than 'I, we can sayr that demand is 1% 0 at this price. This indicates that a 1% increase in price will result in a in quantity demanded. decrease increase