Focus on the pronunciation of steep
› sudden and very big: steep decline/drop/fall With the steep fall in the price of oil, the economy has slowed significantly.steep rise/increase The property market is beginning to decline after years of steep price increases.
› very high or higher than is reasonable: steep fee/charge/cost Investors are concerned about the steep cost of the banking bail-out. Co-operatives could soon face steep taxes. → See Note expensive