How would you interpret the coefficient β2 in a double log regression model given by: Ln Yi = ln β1+ β2 ln Xi + ui?

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How would you interpret the coefficient β<sub>2</sub> in a double log regression model given by: Ln Y<sub>i</sub> = ln β<sub>1</sub>+ β<sub>2</sub> ln X<sub>i</sub> + u<sub>i</sub>?