If the price elastic of demand for a product is equal to 0.5, then a 10% decrease in price will

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Is the price elasticity of demand for a product is equal to 0.5 then a 10% decrease in price will?

What does a price elasticity of 0.5 mean?

Is 0.5 elastic or inelastic supply?

When the price of a product is increased 10 percent the quantity demanded decreases?