Question: Given the demand curve, O = 100 - 2P. Find the elasticity of demand if the price increase from $20 to $25 using the arch

Given the demand curve, O = 100 - 2P. Find the elasticity of demand if the price increase from $20 to $25 using the arch or midpoint elasticity formula. Between the price change from $20 to $25, will consumer spending decrease or increase?

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