Oskar's Odditorium sells fidget spinners. Oskar estimates the price elasticity of demand for fidget spinners is 1.2. If Oskar wants to increase sales by 15 percent and assuming no change (i.e., no shift) in the demand curve for fidget spinners, this suggests that Oskar should reduce the price by?

Answer rating: 100% (QA)

To increase sales by 15 percent given a price elasticity of demand of 12 Oskar should ... View the full answer