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.
Elasticity of demand = % change in quantity demanded / % change in price. It is not to be confused with the slope of the demand curve. The slope of the demand curve remains constant; however, the elasticity of the demand curve changes as you move along. The only curve that has a constant inelastic demand is a vertical demand curve. Any change in price will result in no change in quantity demanded.