Use the if function to label items that are over N$15 as HIGH and those below N$15 AS LOW

Here is a simple example of how you can use the if function to label items that are over N$15 as 'HIGH' and those below N$15 as 'LOW' in Python:

def label_price(price):
    if price > 15:
        return 'HIGH'
    else:
        return 'LOW'

# Test the function
print(label_price(20))  # Outputs: HIGH
print(label_price(10))  # Outputs: LOW

In this code:

1. We define a function label_price that takes a price as an argument.
2. Inside the function, we use an if statement to check if the price is greater than 15.
3. If the price is greater than 15, the function returns the string 'HIGH'.
4. If the price is not greater than 15 (i.e., it is 15 or less), the function returns the string 'LOW'.
5. We then test the function with two examples: a price of 20 (which is greater than 15) and a price of 10 (which is less than 15).