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.
The demand for a good is inelastic with respect to price if its price elasticity is less than 1. Demand is unit elastic with respect to price if its price elasticity is equal to 1. Inelastic Elastic Unit elastic 0 1 2 3 A more general formula for price elasticity: