Solve it correctly please. I will rate accordingly with 2votes.

In a commentary piece on the rising cost of health insurance, ("Healthy, Wealthy, and Wise," Waii Street Journal, Ma):r 4, 2004, A20), economists John Cogan, Glenn Hubbard. and Daniel Kessler state, "Each percentageepoint rise in healtheinsurance costs increases the number of uninsured by 300,000 people." Assuming that their claim is correct. demonstrate that the price elasticity of demand for health insurance depends on the number of people who are insured. What is the price elasticity if218 million people are insured? If 213 million people are insured, then the price elasticity of demand for health insurance is _ {Enter a numeric response using a reai number rounded to three decimei pieces. Be sure to include the minus sign.)