The phrase "is now cheap" is correct and usable in written English.
You can use it when you want to describe the current cost of something that has changed recently. For example: "This type of car used to be expensive, but is now cheap and within reach for most people."
Exact(15)
That gives the company a market capitalization of $79.02 billion, down from $115 billion market cap Facebook opened at on the day of its IPO when it started trading at $42.05 a share.** (That said, if you're a glass-is-half-full kind of person, Facebook is now cheap, cheap, cheap!).
That is what I find changes the traditional dynamic about whether the market is now cheap.
By Bill McKibben Innovative, eco-friendly technology is now cheap enough for everyday use.
The numbers reveal a sudden new truth — that innovative, energy-saving and energy-producing technology is now cheap enough for everyday use.
PV is now cheap enough to be competitive in areas that are not connected to the electricity grid.Wind power has done better still.
One of the reasons why the Tokyo market is now cheap is that it has been such a poor performer over many years.
Similar(45)
RAC Club said that oil is now cheaper than bottled water.
Yet by many measures the Japanese yen is now cheaper than the Chinese yuan.
In fields from Iowa to Texas, wind power is now cheaper than dirtier, conventional power.
If it falls, the household has lost wealth but the local market is now cheaper.
Wind energy is now cheaper than all other sources put together.
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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