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Your inverse demand equation for a type of medical care is given by P = 100 – 250, where P is the market price and Q is the number of units you demand

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Your inverse demand equation for a type of medical care is given by P = 100 – 250, where P is the market price and Q is the number of units you demand. Use this information to answer questions 3-4. 3. In the same graph, draw two demand curves. One curve, labelled D1, assumes that you have no insurance coverage, and the other curve, labelled D2, assumes that you have insurance coverage with no deductible and a coinsurance rate of .10. Label the values of the x and y intercepts for each demand curve. Also, show the equation that you used to draw the curve D2. 4. If you have no insurance, what is your price elasticity of demand at a price of $50? What is your price elasticity of demand at a price of $50 if you have the insurance coverage with no deductible and a coinsurance rate of .10? Show your calculations. Then, using these calculations, determine whether your demand is more elastic with our without insurance cover and give an economic explanation for this difference in elasticity.