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3 Question 16 (1 point) (215) in many countries the legal driving age is 18. If the legal driving age in the United States was raised from 16 to 18. how would this affect the market for new and used cars? The equilibrium price is likely to decrease and more cars are likely to be sold. The equilibrium price is likely to decrease and fewer cars are likely to be sold. The equilibrium price is likely to increase and more cars are likely to be sold. The equilibrium price is likely to increase and fewer cars are likely to be sold. Question 17 (1 point) (214) Assume the market for organic produce sold at farmers' markets is perfectly competitive. All else equal, as more farmers choose to produce and sell organic produce at farmers' markets, what is likely to happen to the equilibrium price of the produce and profits of the organic farmers in the long run? The equilibrium price is likely to increase and profits are likely to increase. The equilibrium price is likely to decrease and profits are likely to decrease. The equilibrium price is likely to remain unchanged and profits are likely to increase The equilibrium price is likely to increase and profits are likely to remain unchanged. Proctono is sharing your screen Stop sharing Hide O RH ell di 00 R4 FS FE PrtScn FB F7 Home 79 End A $ 4 % 5 & 7 6 8 ) 0 9 R T Y