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Why are P-basses more expensive than PJ basses?

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Many years ago, there were a bunch of cheap Asian guitars with 4 pickups - the theory being the more pickups, the better it would be perceived by folks that didn't know better - that beginners would bite on that. Because of this, when Stratocasters first came out, there was a bunch of folks that thought "3 pickups = beginner guitar". The Telecaster was, for a lot of folks, the "adult guitar", because it had only 2 pickups.

Some of that thinking is still around. You're getting your first bass - you have no idea if a P or J is better. Here's one with both kinds of pickups, and it's cheap. A lot of kids will buy that. A P is for a customer with a more refined taste - someone with some experience. Squier is oriented around beginners - hence PJ's
 
Not if you're using the Geezers Jimmy mentioned, that set has a balanced split coil J to match the P. Certainly if you have a vintage output J (around 7k) it will sound weak with a P (usually around 10k) and that's how many PJ's come. Well matched sets, in regard to output, do exist, or swap out a single coil J for a higher output split coil, it won't sound exactly like a single coil, but it will ballance the outputs better.
Ya, that was the thing about the SX PJ I didn't like...its J pickup. It was single coil and I have no idea what either measured, but they didn't sound as good together as other combinations. The P pickup was quite good, though...had polepieces way too high but it was good. Fortunately, I needed the J pickup so rarely when I had it so it was never an issue.

BTW, jd56hawk was kidding around.