The reasons of rising prices of cocaine.
So, As far as I am concerned, cocaine is inelastic product, people buy it everytime and it doesn't matter how much does it cost, and the main reason of rising prices, because people who sell cocaine know that every drug addict will buy cocaine, because they depend on it. But there is a problem in many countries, such as prohibition on using and selling drugs and it's very difficult to find any cocaine and that's why people rise prices on cocaine, for example: in Afganistan there are biggest drugs manufactures in the world, but now it becomes more difficult to supply with cocaine to many countries and bosses of it rise their prices because they know that anyway many people will use cocaine in spite of prices on it.
Drugs business is one of the most profitable occupation in the world and demand for it will be very big in any time.
Revision Notes
6 years ago
A product is not inelastic - demand is!
ReplyDeleteCheck your spelling - of countries!
USE DIAGRAMS then you are more likely to remember them!
Well, you don't seem to have read my previous comment!
ReplyDeleteI have read it and I understand that I made a mistake in word Afghanistan. I know that demand for cocaine is inelastic, because there are so many teenagers and drug addults who really need drugs and they buy it for such expensive prices.
ReplyDeleteYes but it is an important point that you say DEMAND and not the PRODUCT is inelastic.
ReplyDeleteDiagrams...?
I am going to put some diagrams.
ReplyDelete