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Commissions do not affect our editors' opinions or evaluations. The price of gold today, as of 8:17 am ET, was $2,753 per ounce. That’s up 0.34% from yesterday’s gold price of $2,744.

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Price elasticity of supply is the responsiveness of a supply of a good or service after a change in its market price. According to basic economic theory, the supply of a good will increase when ...

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The fine art of charging different prices for the same item Melissa Horton is a financial literacy professional. She has 10+ years of experience in the financial services and planning industry.