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

Find the substitution parameter ρ(rho) of constant elasticity of substitution (CES) production function when the elasticity of substitution (σ) is greater than one  

1
ρ = 0
2
ρ = 1
3
-1 < ρ < 0
4
0 < ρ < ∞ 
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