Suppose that the competitive equilibrium shown in Figure 10.3 were regarded as "unfair" because the relative price of X (an important necessity) is "too high." What would be the result of passing a law requiring that PX/PY be lower?
Figure 10.3
How Perfectly Competitive Prices Bring about Efficiency

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Quantity of Y per weelk Efficlent prices (slope -P PP С" Inltlal prices (slope -P P) Y. Ủy С" AX X* PXI Quantity of X per week