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a noob question here! I'm using Metamask, I've sent a transaction to another wallet. I would like to increase the Gas Limit and reduce the gas price. Is this possible? If so, how? Thanks!

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Yes you can increase the gas limit and the gas price too can be set by you.Each operation in a contract requires some amount of gas which will be used from the quantity you specify.So if this quantity*gas price(set by you) suffices the need then yeah your trasaction will be processed. I have found a useful post here regarding gas limits and prices.Check it out over here

https://steemit.com/ethereum/@tomshwom/ethereum-gas-how-it-works

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