Marco has noticed that as older adults purchase tablets, they do not know much about how to use them and are frequently aggravated. he decided he could earn a nice profit by developing courses and offering one-on-one to aid his customers in overcoming their deficiencies. although the business struggled at first, he is experiencing a good deal of success now. marco has many satisfied customers, and the business has grown to the point where he now employs several workers, some of whom were previous clients. marco's experience is an example of:

10. problems and applications q10 consider public policy aimed at smoking. studies indicate that the price elasticity of demand for cigarettes is about 0.2. if a pack of cigarettes currently costs $5 and the government wants to reduce smoking by 10%, it should increase the price by % . if the government permanently increases the price of cigarettes, the effect on smoking 1 year from now will be than the effect 5 years from now. studies also find that teenagers have a higher price elasticity of demand than do adults. which of the following statements are consistent with this result? check all that apply. it is legal for adults to consume alcohol, so many choose to spend their money on that good rather than cigarettes. teenagers do not have as much income as adults, so they are more price sensitive. adults are more likely to be addicted to cigaret