In the Model Ln(Yi)= β0 + β1Xi + Ui,the Elasticity

question 11

Multiple Choice

In the model ln(Yi) = β0 + β1Xi + ui,the elasticity of E(Y|X) with respect to X is

• A)β1X
• B)β1
• D)Cannot be calculated because the function is non-linear

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Definitions:

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