Prices have drop ped little/much over the past year. Prices = plural noun. As such, your verb tense must also be plural.
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AnonymousPrices have dropped little over the past year.OK as shown. Also: Prices haven't dropped much over the past year.
AnonymousPrices have dropped a lot over the past year.As shown. Personally, I would not say "dropped much" in this sente
AnonymousWould you yourself say that?Prices haven't dropped much over the past year.Yes. I say these two:
CalifJim I say these two:Prices have dropped a lot ...Prices haven't dropped much ...CJI'd just like to point out (since I assume the person asking questions is learning English) that "a lot" is somewhat casual. Definitely do not use it in formal papers. In formal writing you would use "much" or simply "dropped" with a modifier. Examples:
commasplice"Prices have dropped greatly over the past year."That does sound more formal than my suggestion. Also: dropped a great deal
commasplicePrices have dropped much over the past year.This doesn't sound more formal to me. It sounds borderline wrong, certainly unidiomatic.
CalifJim This doesn't sound more formal to me. It sounds borderline wrong, certainly unidiomatic.Really? I wonder if it's regional. It seems formal to me, dramatically grave, even.