• JohnDClay@sh.itjust.works
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    7 months ago

    You only need a graphing calculator because you’re not allowed to use wolfram alpha, desmos, or Matlab. Since you’re mandated to use graphing calculators, (sometimes even specific models) there’s no incentive to make them cheaper or better since you need to buy them anyway.

    • Pennomi@lemmy.world
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      7 months ago

      Yep, graphing calculators are a forced necessity for school, therefore they can charge anything they want and people will still buy them. This kind of artificial demand causes extreme price inelasticity and is capitalism at its worst.

      Same deal with university books, you are forced to buy them so they cost hundreds of dollars, when they could easily be sold at a profit for a quarter of the cost.

        • greenskye@lemm.ee
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          7 months ago

          But there aren’t ‘new’ graphing calculators being required and they don’t get worn out that easily. There’s a relatively stable amount of people who need one at any given time, so honestly I’d have expected the second hand market to have crashed the market more than it has. There should honestly be multiple times over more graphing calculators in circulation than there is a need for them.

      • JohnDClay@sh.itjust.works
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        7 months ago

        Yup, free market only incentives competition when it’s actually free. Demand monopolys are just as bad as supply ones.

  • undergroundoverground@lemmy.world
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    7 months ago

    Its okay, as I neoclassical economist, I know exactly how to fix this issue.

    Tax breaks for the rich.

    Ask me to solve any economic problem, I have the answers.

  • 9point6@lemmy.world
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    7 months ago

    The crazy thing is they are basically selling the same models this whole time too

  • protist@mander.xyz
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    7 months ago

    My TI-89 from 1998 still works perfectly, so at least you only have to buy it once.

    Because of their longevity, there are a ton on the aftermarket for like $40

  • AstridWipenaugh@lemmy.world
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    7 months ago

    The TI-89 was ~$100 when I bought one 20 years ago. Looked it up on Amazon and they’re $100-$150 depending on the specific model. They haven’t kept up with inflation at all, which means they’ve been getting cheaper this whole time…

  • GissaMittJobb@lemmy.ml
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    7 months ago

    The demand is basically artificial since there are a limited amount of calculator models that are allowed to be used on tests at universities. Since they can get away with it, they keep charging these prices.

  • einlander@lemmy.world
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    7 months ago

    And that’s why I own a Casio graphing calculator. Way cheaper than TI. BTW TI calculator are more expressive because you essentially are passing TI to indoctrinate you. Thr price of the calculator factors in the teaching materials, conferences, and marketing.

  • Kalcifer@sh.itjust.works
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    7 months ago

    Essentially, it’s because it’s a monopolistic/anti-competitive relationship, so the producer is able to charge much more than if it were competitive. The producer seeks to maximize profits, and the schools enable them by effectively controlling the market.

  • GreatDong3000@lemm.ee
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    7 months ago

    For economists (and business) students it isn’t a graphing calculator but same thing with HP12c (financial calculator). But it is only like 40 dollars.

    • TenderfootGungi@lemmy.world
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      7 months ago

      One of the scientific calculators has great business functions in a menu (ti83 maybe?). I prefered it to actual business calculators. And it could handle the science classes as well.

      I don’t remember the exact model, though. Once out of school we use excel.

  • Got_Bent@lemmy.world
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    7 months ago

    I remember getting my Texas instruments financial calculator circa 2009 for probably fifty dollars or so.

    The professor told us that at the time, production costs for my fifty dollar calculator were roughly a dollar.

    On the bright side, I’ll bring that thing in whenever I buy a car and it truly fucks with the whole “what kind of payment are you looking for” routine they do. (Though these days, I’m more likely to bring a laptop with Excel. Same idea, but faster and better visuals)