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Kindly Help in answering the following questions. Complete the following tables for car insurance, using the demand and supply equations: QD =1,000,000-250 and OS =500P

Kindly Help in answering the following questions.

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Complete the following tables for car insurance, using the demand and supply equations: QD =1,000,000-250 and OS =500P When calculating percentage changes, use "change divided by the original figure". Change in P Change in OD % A in P % A in OD Demand elasticity 1,000 to 1,250 1,250 to 1,500 1,500 to 2,000 1,000 to 500 Change in P Change in OS %A in P %A in OS Supply elasticity 500 to 1.000 1,000 to 1,250Calculate 4goes and a30- independently, assuming AM92 Ultimate mortality and 6% pa interest. [5] State the assumptions underlying the approximations on which your values calculated in part (i) are based. [2] (iii) Verify that the usual premium conversion relationship holds approximately between these two functions. [2] [Total 9]

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