Questions & Answers about Prisen er avtalt.
Because prisen is the definite singular form of en pris (a price).
- en pris = a price
- prisen = the price
In this sentence, Norwegian is talking about a specific price that both speaker and listener already know about, so the definite form is used.
Avtalt is the past participle of the verb å avtale, which means to agree, to arrange, or to settle by agreement.
So avtalt here means something like:
- agreed
- settled
- fixed by agreement
In Prisen er avtalt, it describes the result: the price has already been agreed on.