Lemonade, a good with many close substitutes, should have an own price elasticity that is:

A supply schedule is a table that reports:

A) the expected excess supply in the market at different prices. B) the profits earned by producers at different levels of production. C) the different quantities of a good that producers are willing to sell at different prices. D) the different quantities of a good that producers are willing to sell at different income levels.

Which is true?

a. Barter is an efficient way to conduct business b. Fiat money is currency backed by the nation's gold reserves c. the US dollar is backed by gold d. the Fed sets tax policy e. a Gold Standard means that a person with currency can easily convert the currency into gold