Question

If the slope of a relationship between x and y changes, but elasticity stays the same, what kind of model is that? A. el...

If the slope of a relationship between x and y changes, but elasticity stays the same, what kind of model is that?

A. elastic

B. linear-log

C. log-log

D. log-linear

0 0
Add a comment Improve this question Transcribed image text
Answer #1

For log-log model ,the slope is variable and elasticity is constant i.e stays the same. Hence, option(C) is correct.

Add a comment
Know the answer?
Add Answer to:
If the slope of a relationship between x and y changes, but elasticity stays the same, what kind of model is that? A. el...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • QUESTION 1 The slope of the line V f(x). O How much y changes when x...

    QUESTION 1 The slope of the line V f(x). O How much y changes when x changes by a large amount How much y changes when x changes by a small amount 0 The level of y for a given amount of x O It depends on the shape of f(x). QUESTION 2 The relationship between y and x is linear if Changing X by 1 always changes V by the same amount. There is no relationship between V and...

  • Along a curve showing a linear​ relationship, for each increase in x of one​ unit, y changes by the same amount. I drew...

    Along a curve showing a linear​ relationship, for each increase in x of one​ unit, y changes by the same amount. I drew the curve that you can see on the right, but I'm not sure if it's correct and from which point it should start and where it should end. Please, help asap. Thank you in advance! Draw a negative linear relationship. Label it R. V 10 9 Along a curve showing a linear relationship, for each increase in...

  • A) Assume a linear relationship between the variables Y and X , and that Y is...

    A) Assume a linear relationship between the variables Y and X , and that Y is the variable measured on the vertical axis while X is the variable measured on the horizontal axis. A straight line describing this relationship has a y-axis intercept of 10 and a slope of -1.25. What is the equation for this line? B) Is the relationship between Y and X positive or negative? How can you tell just by looking at this equation? C) Use...

  • A) Assume a linear relationship between the variables Y and X , and that Y is...

    A) Assume a linear relationship between the variables Y and X , and that Y is the variable measured on the vertical axis while X is the variable measured on the horizontal axis. A straight line describing this relationship has a y-axis intercept of 45 and a slope of 2. What is the equation for this line? B) Is the relationship between Y and X positive or negative? How can you tell just by looking at this equation? C) Based...

  • The graph shows a relationship between two variables x and y What is the slope of...

    The graph shows a relationship between two variables x and y What is the slope of the curve across the arc AB? The slope of the curve across the arc AB is >>>Answer to one decimal place >>> If the slope is negative, use a minus sign If the slope is positive, do not use a 12 plus sign 4 5 6 7 answer box

  • In the simple linear regression model, the slope represents the: A. change in y per unit...

    In the simple linear regression model, the slope represents the: A. change in y per unit change in x B. value of y when x = 0 c. change in x per unit change in y D. value of x when y = 0 In the first-order linear regression model, the population parameters of the y-intercept and the slope are estimated by CA. bo and A CB. bo and b CC. A and Po CD. b and Bo

  • 2. For each of the three sets of information, (1) graph the relationship between Xand Y...

    2. For each of the three sets of information, (1) graph the relationship between Xand Y and (2) write the equation that describes the relationship. Assume there is a linear relationship between X and Y a. The Y-intercept is 35 and the slope is +3. b. One point has coordinates (2,5) and the slope is -2.5. c. Two points are (5,20 and (15,30).

  • 25) What is measured by the price elasticity of supply? A) The price elasticity of supply...

    25) What is measured by the price elasticity of supply? A) The price elasticity of supply measures how responsive producers are to changes in the price of other goods. B) The price elasticity of supply measures how responsive producers are to changes in income. C) The price elasticity of supply measures how responsive producers are to changes in the price of a product. D) The price elasticity of supply is a measure of the slope of the supply curve. E)...

  • If two variables (x and y) have a very strong linear relationship, it can be inferred...

    If two variables (x and y) have a very strong linear relationship, it can be inferred that a) y causes a change in x b) A third variable causes changes in x and y c) x causes a change in y d) There cannot be any causal relationship between x and y e) None of the above

  • Explain the relationship between the price elasticity of demand and total revenue. What are the impacts...

    Explain the relationship between the price elasticity of demand and total revenue. What are the impacts of various forms of elasticities (elastic, inelastic, unit elastic, etc.) on business decisions and strategies to maximize profit? Explain your responses using empirical examples, formulas, and graphs. Is the price elasticity of demand or supply more elastic over a shorter or a longer period of time? Why? Give examples.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT