Science Memes

9984 readers

1964 users here now

Welcome to c/science_memes @ Mander.xyz!

A place for majestic STEMLORD peacocking, as well as memes about the realities of working in a lab.

Rules

Don't throw mud. Behave like an intellectual and remember the human.
Keep it rooted (on topic).
No spam.
Infographics welcome, get schooled.

Sister Communities

Science and Research

Biology and Life Sciences

Physical Sciences

Humanities and Social Sciences

Practical and Applied Sciences

Memes

Miscellaneous

founded 2 years ago

MODERATORS

[email protected]

999

Economics (mander.xyz)

submitted 2 months ago by [email protected] to c/[email protected]

83 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 69 points 2 months ago (2 children)

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.

[–] [email protected] 23 points 2 months ago (1 children)

And why there's a "new" version every year that just moves things around...

[–] [email protected] 9 points 2 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.

[–] [email protected] 9 points 2 months ago

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