• JohnDClay@sh.itjust.works
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    2 years 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.

    • Neato@ttrpg.network
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      2 years ago

      When I was in school, it was always specific models. They had to limit it to one brand and like 2-3 known good models to prevent the ones that could solve equations.

      So there’s no reason for TI to ever lower prices.

    • atcorebcor@sh.itjust.works
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      2 months ago

      Its not just the demand, its also monopoly or duopoly of suppliers. These suppliers prevented competition by making sure they are the only ones allowed by students to use.

    • Pennomi@lemmy.world
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      2 years 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.

      • JohnDClay@sh.itjust.works
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        2 years ago

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

        • greenskye@lemm.ee
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          2 years 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.

    • Damage@feddit.it
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      2 years ago

      The incentive Is supposed to be competition among manufacturers, something is preventing that

      • atocci@lemmy.world
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        2 years ago

        Schools have lists of approved models for standardized test taking. If students (the largest market) can’t use your calculator, making one is probably not going to be profitable.

  • Kalcifer@sh.itjust.works
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    2 years 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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    2 years 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.

  • undergroundoverground@lemmy.world
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    2 years 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.

  • AstridWipenaugh@lemmy.world
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    2 years 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…

  • Kaboom@reddthat.com
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    2 years ago

    Iirc, theyre the last products still using a z80, which was launched in the seventies. Keeping an entire chip fab open for one thing isnt cheap, even if its for something like a z80

    • Kecessa@sh.itjust.works
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      2 years ago

      At the same time, there’s no reason why they couldn’t upgrade to something else. You can do everything a graph calculator does on your cellphone using websites…

      • Kaboom@reddthat.com
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        2 years ago

        You say that, but its standardized. It needs to be exactly the same if only to keep everyone on a level playing field

          • Kaboom@reddthat.com
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            2 years ago

            For something like the SAT, yeah, youd want everyone on as level a playing field as possible