a set price

USAGE SUMMARY

The phrase "a set price" is correct and usable in written English.
It can be used when referring to a fixed or predetermined cost for a product or service. Example: "The restaurant offers a special menu with a set price for three courses."

✓ Grammatically correct

News & Media

Wiki

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The menu has a set price of $295 a person, excluding wine.

The New York Times - Food

There were properties listed with a price range as opposed to a set price.

The New York Times

In return, Indonesia wanted to export biofuels at a set price, he added.

The Guardian

(Options give holders the right to buy shares at a set price).

The New York Times

They also blame Nymex's board for approving the deal without locking in a set price.

The New York Times

In this serve-yourself buffet each item added has a set price.

The Guardian - Travel

They generally placed limit orders, which are filled at or below a set price.

The New York Times

The borrower "sells" securities for cash and agrees to repurchase them at a set price in a brief period.

The New York Times

Other experiments introduced by CMS include paying a set price for a procedure and any medical complications that follow.

The Economist

Onion futures have been prohibited ever since.Futures are agreements to trade something at a set price at a given date.

The Economist

Bundled payments pay a set price for an entire episode of care, rather than a fee for each service.

The Economist

Expert writing Tips

Best practice

When using "a set price", ensure it's clear whether taxes or other fees are included. For instance, specify "a set price of $50, including tax" for clarity.

Common error

Avoid using "a set price" when you actually mean a price range. "A set price" implies a single, fixed amount, whereas a price range suggests variability within specified limits.

Linguistic Context

The phrase "a set price" functions as a noun phrase, typically serving as the object of a verb or preposition. It describes a specific pricing strategy where the cost is predetermined and non-negotiable. Ludwig AI confirms this usage through numerous examples.

Expression frequency: Very common

Frequent in

News & Media

55%

Wiki

15%

Formal & Business

10%

Less common in

Science

8%

Academia

6%

Reference

6%

Ludwig's WRAP-UP

In summary, "a set price" is a common and grammatically sound noun phrase that refers to a fixed and predetermined cost. As confirmed by Ludwig AI and demonstrated through numerous examples, its primary function is to provide clarity and certainty in financial transactions across diverse contexts like news, business and general information. While the phrase exhibits a neutral register, the frequent use of "a set price" in business and commerce contexts denote its role as an anchor value.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

a fixed price

Replaces "set" with "fixed", emphasizing the unchanging nature of the price.

a predetermined price

Uses "predetermined" to highlight that the price was decided in advance.

an established price

Substitutes "set" with "established", suggesting the price is recognized or accepted.

a standard price

Emphasizes that the price is typical or usual.

a prearranged price

Highlights the prior agreement on the price.

a defined price

Implies a clear and specific price has been determined.

a non-negotiable price

Explicitly states that the price cannot be altered or bargained.

a flat rate

More commonly used for services, indicating a single price regardless of usage.

a price floor

Specifies the minimum price allowed, often in economic contexts.

a price ceiling

Denotes the maximum price allowed, often in economic contexts.

FAQs

How is "a set price" used in economics?

In economics, "a set price" can refer to price controls implemented by governments, such as "price floors" (minimum prices) or "price ceilings" (maximum prices).

What's the difference between "a set price" and a variable price?

"A set price" indicates a fixed amount that doesn't change, while a variable price can fluctuate based on factors like demand, time, or negotiation. Auctions exemplify variable pricing, while items with a tag displaying "a fixed price" offer certainty.

When is it best to offer "a set price" instead of negotiating?

Offering "a set price" is suitable when you want to streamline transactions, build trust by avoiding haggling, or when dealing with standardized products or services. This approach can save time and create a transparent purchasing process, unlike cases where "prices are negotiable".

What are some alternatives to saying "a set price"?

Depending on the context, you can use "a fixed price", "a standard price", or "a predetermined price" to convey the same meaning as "a set price".