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 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. A low coefficient implies that changes in price have little influence on demand.