A price elasticity of supply of 0.56 means that:

a. for every 10 percent change in price, quantity supplied will move in the same direction by 0.56 percent.
b. for every 10 percent change in price, quantity supplied will move in the opposite direction by 0.56 percent.
c. for every 10 percent change in price, quantity supplied will move in the opposite direction by 5.6 percent.
d. for every 10 percent change in price, quantity supplied will move in the same direction by 5.6 percent.

d