The current price of yoyos is $1.20. If Ed=.30, how much will the price have to decrease in order to increase sales by 10%? Can someone tell me how I would go about solving this? Thanks.

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- January 25th 2010, 06:15 PM #1

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- Jan 2010
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## Help with a microeconmics problem.

The current price of yoyos is $1.20. If Ed=.30, how much will the price have to decrease in order to increase sales by 10%? Can someone tell me how I would go about solving this? Thanks.