If the PED is between zero and 1, demand is said to be inelastic; if PED equals 1, the demand is unitary elastic; and if the Price elasticity of demand is greater than 1, demand is elastic.
If the PED is between zero and 1 demand is said to be inelastic, if PED equals 1, the demand is unitary elastic and if the PED is greater than 1 demand is elastic.