Question

Subject test
Note: -
You are attempting question 8 out of 12
In CES production function, the elasticity of substitution between two inputs is:
a) Increases continuously
b) Remains constant
c) Decreases continuously
d) None of the above​

Answer 1

Answer:

Remains constant

Explanation:

In the CES function, the elasticity of substitution is constant but not necessarily equal to unity. It ranges from 0 to ∞.

Answer 2

Answer:

remains constant

Explanation:

remains constant