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Given the following data on the number of customers buying BlueCross/BlueShield health insurance with respect to its price (see table below), calculate the price elasticity

Given the following data on the number of customers buying BlueCross/BlueShield health insurance with respect to its price (see table below), calculate the price elasticity of demand for health insurance when price decreases from $800 to $600.

Insurance Price

Number of Customers

$900

5

$800

10

$700

20

$600

35

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