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.
When demand is inelastic, the loss of revenue due to the lower price is ^ than the gain in revenue due to the greater quantity demanded. Less. When demand is elastic, the loss of revenue due to the lower price is ^ than the gain in revenue due to the greater quantity demanded.