Economics · Econometrics
The slope coefficient in a double-log (log-log) regression model represents:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1the absolute unit change in Y for a unit change in X.
- 2the elasticity of Y with respect to X (percentage change in Y for a 1% change in X).✓
- 3the absolute change in Y for a percentage change in X.
- 4the relative change in Y for an absolute unit change in X.
Correct answer
the elasticity of Y with respect to X (percentage change in Y for a 1% change in X).
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