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.
Demand for a good is said to be price elastic if the elasticity measure is greater than one in absolute value and inelastic if less than one. The cross-price elasticity of demand measures the proportionate change in the quantity demanded of one good to the proportionate price change of another good.