Question $16(2$ points$)$If a seller in a competitive market chooses to charge more than the going price, then.the sellers' profits must increase.the owners of the raw materials used in production would raise the prices for the raw materials.other sellers would also raise their prices. buyers will make purchases from other sellers.Question $17(2$ points$)$When the price of candy bars is $$1\mathrm{.}00,$ the quantity demanded is $500$ per day. When the price falls to $$0\mathrm{.}80,$ the quantity demanded increases to $600.$ Given this information and using the midpoint method, we know that the demand for candy bars isinelastic$.$elastic.unit elastic.perfectly inelastic.