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What does overprice mean?

Looking for the meaning or definition of the word overprice? Here's what it means.

Verb
  1. To give a commodity an excessive price.
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Examples
If you are deluded by overprice, your conclusion will be wrong.
It is not unusual for ticket prices to decline as games approach because fans reselling their tickets often overprice them initially.
Our bags laden with a few hundred dollars worth of scented wax melters and ridiculously overprice chocolate we set out for home.
The mark up and transportation costs may overprice the product, while at the same time its quality may be low.
To strengthen this kind of consumption it is vital to have supportive consumers who are willing to pay the overprice and to consume products which arrive from those countries thanks to the so-called fair trade shops.

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