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Sketch for the Log-Log Model What the Relationship Between β1>1;0<β1<1;β1=(−1)\beta _ { 1 } > 1 ; 0 < \beta _ { 1 } < 1 ; \beta _ { 1 } = ( - 1 )

Question 16

Essay

Sketch for the log-log model what the relationship between Y and X looks like for various parameter values of the slope, i.e.,
β1>1;0<β1<1;β1=(−1)\beta _ { 1 } > 1 ; 0 < \beta _ { 1 } < 1 ; \beta _ { 1 } = ( - 1 )

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