I want change label with change drop down list value

See more:

DropDownList

ASP.NET4

MVC5

hello my database is eqdam and three column id eqdamname eqdamprice

namespace Pooya.Models.DomainModel
{
    using System;
    using System.Collections.Generic;
    
    public partial class Eqdam
    {
        public int Id { get; set; }
        public string EqdamName { get; set; }
        public decimal EqdamPrice { get; set; }
    }
}

function LoadEqdam(element) {
    if (Eqdams.length == 0) {
        $.ajax({
            type: "GET",
            url: '/User/getEqdams',
            success: function (data) {
                Eqdams = data;
                renderEqdam(element);
            }
        })
    }
    else {
        renderEqdam(element);
    }
}

function renderEqdam(element) {
    var $ele = $(element);
    $ele.empty();
    $ele.append($('<option />').val('0').text('Select'));
    $.each(Eqdams, function (i, val) {
        $ele.append($('<option/>').val(val.EqdamName).text(val.EqdamName));
    })
}

public JsonResult getEqdams()
     {
         List<Eqdam> Eqdams = new List<Eqdam>();
         using (PooyaEntities dc = new PooyaEntities())
         {
             Eqdams = dc.Eqdams.OrderBy(a => a.EqdamName).ToList();
         }
         return new JsonResult { Data = Eqdams, JsonRequestBehavior = JsonRequestBehavior.AllowGet };
     }

this code produce e dropdown list for eqdam name .

What I have tried:

I want to change the value dropdown change price in the labels