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.
Inelastic demand is when the quantity demanded changes less than the price does. Unit elastic demand is when the quantity demanded changes the same percent that the price does. Formula. The formula for elastic demand is the percent change in quantity demanded divided by the percent change in price.