administered price

noun

1. a price that is determined administratively rather than by changes in supply and demand.

Example Sentences

One big reason they are so high, believe Tennessee's Democratic Senator Estes Kefauver and Wyoming's Democratic Senator Joseph C. O'Mahoney, is the "administered price," which largely ignores demand in deference to industry's effort to improve profits.

From Time Magazine Archive

An administered price is a price set by someone, usually a producer or a seller, and kept constant for a period of time and for a series of transactions.

From Time Magazine Archive