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.
Elastic demand is when the quantity to price ratio is more than 1. In other words, if the price dropped 10%, and the quantity demanded rose 50%, then the ratio would be .5/.1 = 5. At the other extreme, if the price dropped 10% and the quantity demanded didn't change, then the ratio would be 0/.1 = 0. This is known as being perfectly inelastic. Therefore, inelastic demand occurs when the ratio of quantity demanded to price is between zero (perfectly inelastic) and one (unit elastic).