It's/that's a bit steep spoken language phrase
That's a bit more expensive than expected.
A: I bought this car at the price of 100000 dollars B: What! It's a bit steep, isn't it? I remembered my friend buying it for only 80000 dollars.
That's a bit steep compared to the previous store we have visited.
That's rather unfair or untrue.
It's a bit steep to make him pay for everything.
Why were girls not allowed to take part in this contest? That's a bit steep.
To change the price of something
To be treated unfairly or badly
Used to indicate something that is very expensive
To be outperformed or outrun by someone, usually by a very wide margin.
You have to be quicker to finish this task or you will eat other my dust.