The prices HAVE to drop. The going forward and getting money is going to take way too long, and no one is going to be able to spend 50K on anything, and those game farmers, will either leave or swallow it.
I'm of the opinion that NY standard of living is not good for folks in 75% of America, for example, and jacking up the prices, simply because that's what NY'rs pay for it, doesn't mean that someone in Needles, AZ is going to buy it, or ever be able to get that pet, unless they are lucky!
That discrepancy, in my thoughts, is harsh, and also hurtful to the game as a whole.
I would rather see a game where it takes your ability and knowledge to play, rather than ... you have the best champagne in your closet and drink it online while rehearsing your Olympics speech!
This last part, was proved, by a guy in Mithaniel Marr server in EQ, when he posted numbers from a serious of Bard games, and PvP situations, and after all the numbers, the only thing that he could show you, was that ... the richest and best dressed, won. And he thought that was unkind, because one guy that did not beat him, he admitted, was far superior, and threw everything at him, to try and surprise him, and get him to make a mistake. So, if the game "rewards" you for playing and doing so well, THAT'S ACCEPTABLE, but the other way, is by selling and making money, that you sell on the Internet for $5 to %10 dollars for 100 or 1000 Gold. Which, OF COURSE, just doubled and triple in price, because Gold is now a difficult proposition, unless this is Blizzard's way to FORCE you to go to the Expansion, which was what they did on this last expansion with the Jungle.
It's tricky stuff, and I do think that knee-jerk reactions by Blizzard are not necessary, and they could have fixed things by dropping it 10% or 20%, but to kill it all to 5 Copper, is downright malicious and pathetic. If you only have one character or two, and do not have a Potion/Elixir maker, you will not be able to buy it. This was similar into the 60's (10 some years?) and caused me to get a 2nd account so I could make my own and not have to scamper to have food and drink for the next raid! Now you know why I have 2 accounts, still.