overprice

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overprice

The store overprices its souvenirs for tourists.

Definition
  1. Verb:
    • To set a price that is excessively high; to charge more than a fair or reasonable amount for something. This action involves pricing an item or service at a level significantly above its perceived value, market rate, or cost.
Usage
  • The verb "overprice" is a transitive verb, meaning it requires a direct object (the thing being priced too high).
  • It is commonly used in contexts discussing commerce, retail, real estate, and consumer criticism.
  • It often carries a negative connotation, suggesting unfairness or a lack of value.
Examples
  • Verb:
    • The boutique tends to overprice its designer handbags compared to other stores.
    • Many tourists feel that the restaurants near the landmark overprice their menus.
    • If you overprice your house, it might stay on the market for a very long time.
Advanced Usage
  • "to be overpriced" (Adjective): This is the common passive participle form used to describe the state of an item. While "overprice" is the action, "overpriced" describes the result.
    • The software is completely overpriced for the limited features it offers.
    • We left the shop because everything looked overpriced.
Variants and Related Words
  • Overpriced (adj): Describing something that has been given an excessively high price.
    • The overpriced ticket made us reconsider going to the concert.
  • Overpricing (n): The act or practice of setting prices too high.
    • The overpricing of essential medicines is a serious ethical issue.
Synonyms
  • Overcharge: To charge too high a price (often used interchangeably, though "overcharge" can also mean to charge an illegally high price).
  • Price gouge: To raise prices to an unfair or exploitative level, especially during a crisis (stronger connotation than "overprice").
  • Inflate the price: To cause a price to become higher than normal or justified.
Antonyms
  • Underprice: To set a price that is too low.
  • Discount: To reduce the usual price of something.
overprice

The store overprices its souvenirs for tourists.

Verb
  1. price excessively high

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