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Discover LudwigThe phrase "price reflects" is grammatically correct and can be used in written English.
It is commonly used in conjunction with the verb "to reflect" to indicate that the price of an item is a reflection of certain factors or qualities. Example: "The high quality of the fabric reflected in the price of the dress." In this sentence, the price of the dress is directly related to the quality of the fabric, hence "price reflects" is used to convey this relationship. Another example could be: "The location of the apartment reflects in its expensive price tag." Here, the price of the apartment is directly linked to its location, so "price reflects" is again used to express this connection.
Exact(60)
Apollo's share price reflects this (see chart).
"The share price reflects our successful strategy.
The price reflects what SoftBank is set to pay.
Mrs. Price reflects some battlefield grit of her own.
The price reflects the fact it's larger than most on the list at 75cm diameter.
The rise in price reflects the now widespread awareness that great works are vanishing.
Further, your statement that price reflects resource scarcity may hold in theory.
In each case, the price reflects the cheapest fare for the day on the carrier listed.
He said: "I believe that the price reflects the inherent value within the UTV television business.
The price reflects the fact that the lock screen displays Amazon special offers.
The rising gold price reflects deep unease about the world's financial system.
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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