Market Research. NCYS Report on Trends and Participation in Organized Youth Sports. The National Council of Youth Sports (NCYS) is a multi-sport, nonprofit corporation established to strengthen the performance of youth sport leaders through education and to advocate the values and preserve the integrity of youth sports.
In economics, demand is the quantity of a commodity or a service that people are willing or able to buy at a certain price. The relationship between price and quantity demanded is also known as demand curve. Preferences and choices, which underly demand, can be represented as functions of cost, benefit, odds and other variables.
Definition: Elastic demand is an economic concept that occurs when the quantity of a product responds intensively to a change in the price of the product. What Does Elastic Demand Mean? What is the definition of elastic demand? According to the law of demand, when the price of a product rises, the quantity demanded declines because people are not willing to spend more money on a particular product.