"Be priced at" is a phrasal verb used to describe the cost or value assigned to a particular item or service. It refers to the specific monetary amount or price at which something is being sold or offered in the market.
When an item or service is said to be priced at a certain value, it means that the seller or provider has decided on that particular amount as the appropriate exchange value for the goods or services. This determined price can be based on various factors, including production costs, demand and supply dynamics, competition, perceived value, and profit margins desired by the seller.
The phrase is commonly used in various contexts, such as business transactions, retail sales, property markets, and financial markets. For example, a clothing retailer may announce that a new dress is priced at $50, signifying that customers can purchase it for that specific amount. Similarly, a real estate agent may state that a house is priced at $500,000, indicating the market value set for that property.
"Be priced at" serves as a way to communicate the agreed-upon value or cost of an item or service, allowing potential buyers or consumers to make informed decisions based on the specified price. It represents an essential aspect of the buying and selling process, facilitating negotiations, comparisons, and judgments in commercial transactions.
