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 answer is greater than one, then the demand or supply is elastic, if the answer is less than one then it is considered to be inelastic. Summary. â¢ Elastic and inelastic are both economic concepts used to describe changes in the buyerâs and supplierâs behavior in relation to changes in price. â¢ When a change in price results in a large change in the quantity that is supplied or demanded of a particular product, it is referred to as being âelasticâ.