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____ defines the amount of change constituted by the substitution of one parameter by another parameter.

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____ defines the amount of change constituted by the substitution of one parameter by another parameter.

(a) Rigidity

(b) Elasticity

(c) Replaceable

(d) Replicable

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The correct option is (b) Elasticity

Explanation: Elasticity defines the amount of change constituted by the substitution of one parameter by another parameter. A value of 1 indicates perfect substitution. Constant elasticity by substitution does not require independent input value and is suitable for multi objective analysis.

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