Young drivers often buy used cars. An increase in the legal driving age to twenty-one would result in a leftward movement along the demand curve for used cars, whereas lowering the age to fifteen would result in a rightward movement along the demand curve.

Question

Quizplus · Accepted Answer

An increase in the legal driving age would decrease the demand for used cars, shifting the demand curve leftward, while lowering the age would increase demand, shifting the curve rightward.

Young Drivers Often Buy Used Cars