Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) General Knowledge Economy

Find the Elasticity of Substitution (σ) of Constant elasticity of substitution (CES) Production function. When the substitution parameter(p) lies between 0 < p < ∞

1
σ > 1
2
σ < 1
3
σ = ∞
4
σ = 1
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