fair price

USAGE SUMMARY

'fair price' is correct and usable in written English.
You can use it to refer to a price that is seen as reasonable or acceptable. For example, "The store is offering a fair price on the new shoes."

✓ Grammatically correct

News & Media

Academia

Wiki

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

What's a fair price?

The New York Times

"It's a fair price.

The New York Times

In short, a fair price".

Independent

copy at a fair price.

University of California, Berkeley

A fair price to pay?

Massachusetts Institute of Technology

It sounds like a fair price.

The New York Times

Is £35 a fair price?

The Guardian - Lifestyle

It seems a fair price.

The New Yorker

"Is it a fair price?

The New York Times - Arts

"He probably paid a very fair price".

The New York Times

Does that seem like a fair price?

The Guardian - Music

Expert writing Tips

Best practice

When negotiating, research comparable prices beforehand to ensure you're advocating for a "fair price".

Common error

A common mistake is equating a "fair price" with the cheapest option. "Fair price" considers value, quality, and service, not just the bottom line. Balance cost with what you're receiving.

Linguistic Context

The phrase "fair price" primarily functions as a noun phrase, where "fair" modifies the noun "price". It describes a price that is considered equitable and acceptable to both parties in a transaction. Ludwig provides numerous examples demonstrating its use in various contexts.

Expression frequency: Very common

Frequent in

News & Media

74%

Academia

11%

Wiki

7%

Less common in

Formal & Business

5%

Science

0%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "fair price" is a common and versatile expression used to denote a cost that is considered reasonable and equitable. As Ludwig AI indicates, the phrase is grammatically correct and suitable for use in a wide range of contexts. Predominantly found in News & Media, its presence is also notable in academic and wiki sources. When aiming for variety in your writing, consider alternatives like "reasonable cost" or "equitable price". However, it's important to remember that "fair price" doesn't always equate to the lowest price; it's a balance of value, quality and service. Therefore, when negotiating or assessing costs, consider all factors involved to ensure a truly "fair price".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

reasonable cost

Replaces "price" with "cost", emphasizing the expense aspect.

equitable price

Substitutes "fair" with "equitable", highlighting impartiality and justice.

just price

Uses "just" instead of "fair", focusing on moral correctness and righteousness.

appropriate price

Replaces "fair" with "appropriate", suggesting suitability for the context.

market value

Shifts focus from fairness to the actual value determined by the market.

competitive price

Highlights the price's competitiveness within the market.

reasonable fee

Changes "price" to "fee", often used for services.

honest price

Emphasizes the integrity and transparency of the pricing.

acceptable price

Suggests the price is within the bounds of what is considered tolerable.

going rate

Refers to the standard or prevalent price in a given market or situation.

FAQs

How can I determine a "fair price" for something?

Research comparable prices, consider the item's condition and features, and factor in any additional services or benefits included. Negotiation is often key to reaching a mutually agreeable "fair price".

What's the difference between a "fair price" and a "reasonable price"?

While similar, a "fair price" implies equity and justice for both buyer and seller, while a "reasonable price" focuses more on being justifiable and not excessive. You can use "reasonable price" as an alternative.

What can I say instead of "fair price"?

You can use alternatives like "reasonable cost", "equitable price", or "just price" depending on the context.

Is "fair price" subjective?

Yes, to some extent. While objective data like market comparisons can inform pricing, perceptions of fairness can vary based on individual needs, values, and expectations. Use alternatives like "market value" when objectivity is key.