The normal characteristics of smooth muscle: Smooth muscle is found in many different places in the human body: Unlike skeletal muscle, smooth muscle is generally not identifiable from gross observation of the body.
Demand can be classified as elastic, inelastic or unitary. An elastic demand is one in which the change in quantity demanded due to a change in price is large. An inelastic demand is one in which the change in quantity demanded due to a change in price is small. This is taken from a website at www.agmrc.org.
Lesson Summary. Elasticity of demand describes the responsiveness of quantity demanded of a good relative to a small change in price. The more elastic a good is, the more quantity demanded will decrease relative to a change in price; quantity demanded of inelastic goods will not be as responsive.