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.
If price goes down and revenue goes up, demand is elastic. If price goes up and revenue goes down, demand is elastic. If price goes down and revenue does down, demand is inelastic. If price goes up and revenue goes up, demand is inelastic. If price goes up or down and revenue stays the same, elasticity is unitary.