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"drop prices" is a grammatically correct and commonly used phrase in written English.
It means to lower or reduce the cost of something. Example: The company decided to drop prices in order to attract more customers.
Exact(51)
"Sellers are not willing to drop prices.
Why not drop prices to make your customers happier?
The idea was the sale would flood the market and drop prices, stifling the illicit trade.
"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.
In anticipation of the announcement, Amazon already appeared poised to drop prices on e-books.
Similar(6)
"They've both been pretty aggressive in dropping prices".
"People are dropping prices," Engates said.
Dropping prices could make such high-cost projects unviable.
With transactions scarce, desperate sellers are dropping prices.
Dropping 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