In the log-log model, the slope coefficient indicates
A)the effect that a unit change in X has on Y.
B)the elasticity of Y with respect to X.
C)?Y / ?X.
D) $\frac { \Delta Y } { \Delta X }$ × $\frac { Y } { X }$

Question

Quizplus · Accepted Answer

The slope coefficient in a log-log model represents the elasticity of Y with respect to X, meaning it shows the percentage change in Y for a one percent change in X.

In the Log-Log Model, the Slope Coefficient Indicates A)the Effect ΔYΔX\frac { \Delta Y } { \Delta X }ΔXΔY​

In the Log-Log Model, the Slope Coefficient Indicates
A)the Effect $\frac { \Delta Y } { \Delta X }$