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administered price

American  

noun

  1. a price that is determined administratively rather than by changes in supply and demand.

Example Sentences

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An administered price is a price set by someone, usually a producer or a seller, and kept constant for a period of time and for a series of transactions.

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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.