Despite being introduced in 2004 with technology from the 1990s, the Texas Instruments TI-84 graphing calculator has maintained an unusually stable retail price. What pricing strategy best explains this phenomenon?

Texas Instruments' graphing calculators have dominated mathematics classrooms for decades, with prices that seem to defy economic gravity. Despite technological advances and manufacturing improvements, the TI-84 and similar models have maintained surprisingly stable pricing strategies over the years, creating an interesting case study in educational product pricing. Test your knowledge about this mathematical tool's unique market position and pricing history!

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Educational market captivity - schools require specific models, creating a captive market with inelastic demand
Premium luxury positioning - TI maintains high prices to signal educational prestige and superior quality
Manufacturing complexity - specialized components require expensive custom fabrication processes
Continuous innovation costs - TI invests heavily in annual software updates requiring specialized hardware