Is 0.2 elastic or inelastic?

If demand is relatively responsive—in percentage terms—to changes in price, it is “elastic” (ED is greater than one).

Estimated Price Elasticities of Demand for Various Goods and Services
Goods Estimated Elasticity of Demand
Airline travel, short-run 0.1
Gasoline, short-run 0.2
Gasoline, long-run 0.7

All categories