The lungs are the site for gaseous exchange, and are situated within the thoracic cavity. They occupy approximatley 5% of the body volume in mammals when relaxed, but generally have no fixed size or shape since their volume is constantly changing with the processes of inspiration and expiration. | The lungs are the site for gaseous exchange, and are situated within the thoracic cavity. They occupy approximatley 5% of the body volume in mammals when relaxed, but generally have no fixed size or shape since their volume is constantly changing with the processes of inspiration and expiration. |