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The phrase "drop price" is correct and usable in written English.
You may use it when you want to describe a decrease in price, for example, "The store is offering a promotion where they will drop the price of the item by 10%."
Exact(10)
"Lots of restaurants are changing menus and ingredients in order to drop price points," he said.
GRAFF white-diamond necklace with an emerald cabochon drop, price upon request.
One proposal is to drop price stability as the bank's stated goal in favor of an explicit target for mild inflation.
Since the early eighties, Tabibian and other trained economists have advised the government to dismantle trade barriers, drop price controls, and force companies such as Iran Khodro — the troubled state-backed automaker — to compete or perish.
Its followers include Terry Ryan, one of Kenya's last white civil servants who played a prominent role in persuading the Kenyan government to drop price controls in the 1990s.
Clearly, the majority of instances are listed at or below the linear drop price (index ≤1).
Similar(50)
"Sellers are not willing to drop prices.
Why not drop prices to make your customers happier?
It is a way for Centex to drop prices without dropping prices, just like the auto makers do with incentives.
"The telecoms companies have seen what happens when they drop prices.
What happened is that occupancy rates sank, which led Mr. Overton to drop prices.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com