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Consider the following model: y = 8y + 51 log(z1) + B2z + u . Increasing &y by one percent will increase y by O

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Consider the following model: y = 8y + 51 log(z1) + B2z + u . Increasing &y by one percent will increase y by O b O B - 100 () Mo answer text provided. @ 0.01- 5 Consider the following model: log(y) = Bo + Blog(x1 ) + B2x2 + u. The elasticity of y with respect to c1 is: O Increasing in y O decresing in y O No answer text provided. O Constant

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