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Tickets for the 2019 MLS Cup final between Seattle and Toronto went on sale on November 1 and sold out in just 20 minutes. The
Tickets for the 2019 MLS Cup final between Seattle and Toronto went on sale on November 1 and sold out in just 20 minutes. The average resale price for tickets through SeatGeek, the official ticketing partner of Major League Soccer, was $569 just 2 days before the game, considerably higher than the average face- value price of tickets for the event. Sixty-nine thousand fans were expected to attend the game, making this the second- largest MLS Cup crowd in history. Source: "Sold-out 2019 MLS Cup is the hottest ticket in recent MLS history," missoccer.com, November 10, 2019. Refer to the Article Summary. How would Major League Soccer know if it was operating on the elastic portion of the demand curve for MLS Cup final tickets? If they increased ticket prices and the total revenue from ticket sales did not change. O If they decreased ticket prices and the total revenue from ticket sales did not change. If thou incraneed ticket price and tha total your
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