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.
An elasticity of demand less than one is classified as inelastic, meaning the percentage change in quantity demanded is relatively unresponsive to the percentage change in price. Elasticity measures the percentage change in quantity demanded divided by the percentage change in price.