A local pharmacy manager decide to raise the price og a 50-pill prescription of amoxicillin (an antibiotic) from Rs. 1000 to Rs.1200. The pharmacy tracks the sales of amoxillin 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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500 mill
2456 dpm
980ncb
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