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A local pharmacy manager decides to raise the price of a 50-pill prescription of amoxicillin (an antibiotic) from Rs. 1000 to Rs. 1200. The pharmacy

A local pharmacy manager decides to raise the price of a 50-pill prescription of amoxicillin (an antibiotic) from Rs. 1000 to Rs. 1200. The pharmacy tracks the sales of amoxicillin over the next month and finds that sales decline from 2,000 to 1,980 boxes. Is the demand elastic or Inelastic

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