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Q4: Are these cigarettes of premium quality

The e-cigarette company Juul is on a quest to prove that its sleek devices can help smokers take up a healthier habit

To find the price elasticity of demand (PED) for the muffins, we can use the formula: PED = (% Change in Quantity Demanded) / (% Change in Price) Change in quantity demanded: The quantity went from 10 muffins to 8 muffins, which is a change of (810)/10=0.2(8 10) / 10 = -0.2(810)/10=0.2 or 20%-20\%20%