In a discussion on Facebook, people were complaining about the high prices of tickets to Major League Baseball Spring Training games. Due to continued concerns about the COVID-19 virus, teams are...

In a discussion on Facebook, people were complaining about the high prices of tickets to Major League Baseball Spring Training games. Due to continued concerns about the COVID-19 virus, teams are allowing only a small number of tickets to be sold to each game. According to one comment, “Unfortunately, the reduced supply of tickets has driven up the demand for tickets and so price has gone way up.” Explain whether this statement does or does not make good Economic sense: does a reduced supply drive up demand, leading to an increase in price?