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.
Sign up to view the full version. This is the end of the preview. Sign up to access the rest of the document. Unformatted text preview: Challenges 1. Lets apply the economics of taxation to romantic relationships. (a).What does it mean to have an inelastic demand for your boyfriend or girlfriend? How about an elastic demand? GHOST ANSWER: 6 An inelastic demand means you cant live without him or her. An elastic demand means that there are good substitutes for the current boyfriend or girlfriend. (b).Sometimes relationships have taxes. Suppose that you and your boyfriend or girlfriend live one hour apart.