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Complete the following sentences:
a. In the double-log model the slope coefficient measures ...
b. In the lin-log model the slope coefficient measures ...
c. In the log-lin model the slope coefficient measures ...
d. Elasticity of Y with respect to X is defined as ...
e. Price elasticity is defined as ...
f. Demand is said to be elastic if the absolute value of the price elasticity is ..., but demand is said to be inelastic if it is ... |
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