Definition, Meaning & Synonyms

price-range

noun

/praɪs reɪndʒ/

Definition

The range of prices between the lowest and highest available for a specific product or service.

Examples

The price-range for smartphones can vary significantly, often from $200 to over $1,000.
It’s important to set a price-range before shopping for furniture to avoid overspending.
The travel agency provides options within a moderate price-range for all types of vacations.

Meaning

Price-range refers to the spectrum of costs associated with a particular item or service, indicating the minimum and maximum amounts that consumers could expect to pay.