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)ΔY / ΔX.
D) × .

Name: 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)ΔY / ΔX. D) × .
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Question

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)ΔY / ΔX. 
D) × .

Quizplus · Accepted Answer

In the log-log model, the slope coefficient indicates the percentage change in Y for a 1% change in X, which is the same as the elasticity of Y with respect to X.

In the Log-Log Model,the Slope Coefficient Indicates