Examlex
Which of the following has the highest elasticity of demand?
Lump Sum
A one-time payment executed at a specific moment, rather than numerous smaller payments or installments.
Monthly
Pertaining to something that occurs, is done, or is calculated on a monthly basis.
Compounded Semi-Annually
Interest calculation method where interest is added to the principal balance twice a year, leading to exponential growth of the investment.
Monthly Deposits
Regular payments or contributions made into an account every month.
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