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Which of the Following Regressions Would Yield a Coefficient Estimate

Question 28

Multiple Choice

Which of the following regressions would yield a coefficient estimate that would be directly interpreted as the price elasticity of demand?

A) Quantity_i = α₀ + α₁log(Price_i)
B) log(Quantity_i) = α₀ + α₁log(Price_i)
C) Quantity_i = α₀ + α₁Price_i
D) Quantity_i = α₀ - α₁log(Price_i)

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