The Interpretation of the Slope Coefficient in the Model Ln(Y_i)=

The interpretation of the slope coefficient in the model ln(Y_i) = β₀ + β₁ ln(X_i) + u_i is as follows:

A) a 1% change in X is associated with a β₁ % change in Y.
B) a change in X by one unit is associated with a β₁ change in Y.
C) a change in X by one unit is associated with a 100 β₁ % change in Y.
D) a 1% change in X is associated with a change in Y of 0.01 β₁.