If the price elasticity of supply is 0.5,then a 10% decrease in price will result in a 5% increase in quantity supplied.

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The price elasticity of supply measures the responsiveness of quantity supplied to changes in price. A price elasticity of supply of 0.5 means that a 1% decrease in price will result in a 0.5% increase in quantity supplied. Therefore, a 10% decrease in price will result in a 5% increase in quantity supplied.

If the Price Elasticity of Supply Is 0