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"reduction in price" is a correct and commonly used phrase in written English.
It refers to a decrease or lowering of the cost or value of something. Example: The store announced a significant reduction in price for all their products, making them much more affordable for customers on a budget.
Exact(59)
So a 10% reduction in price will lead to a 3.5 to 4.3% increase in consumption.
Without a reduction in price, U.S. consumers ended up the biggest losers in the deal.
The reduction in price is based on the car's loss in value as a result of the defect.
"It's going to take at least a couple of years to see a significant reduction in price".
When all else fails you can always offer a reduction in price in exchange for a much quicker payment.
This leaves a shortfall of 72m tonnes, which would cost approximately $1bn, again assuming no reduction in price per tonne.
The first parameter of this function represents the maximum possible reduction in price sensitivity due to loyalty.
We've seen some reduction in price, but we still have buyers anxious to get what they want and willing to pay for it.
As you can see, we expect you'll enjoy a one-per-cent reduction in price for every thousand dollars you spend.
Nowadays you can be offered a refund, repair, replacement goods or even a reduction in price as a result of European rules introduced in 2003.
Similar(1)
My article sheds light on this question by presenting the tradeoff between expected-value maximization and instability-reduction in price-equivalent terms.
More suggestions(18)
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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