Homework: “Using supply and demand analysis, explain the reasons for a rise in the price of cocaine.”

So, I'll start...Now, simply I'll try to explain that 2 types of rising costs on cocaine..

The rising in cost of a cocaine could be divided in 2 parts:
1) Because of supply
2) because of demand




1) Nowadays it is popular to take hard-affecting drugs, such as cocaine,but it is harms to public,nation,generation..Therefore in most civil countries like UK,the government tries to reduce a whole quantity of a cocaine in their country..if that happens,it is getting dangerous for drug-sellers to sell cocaine, so the supply of a drugs in a whole in that country goes down, less supply,so the price goes up.

On the graph supply curve shifted left,so quantity
went down and the price went up.

2) the other thing what can make price to go up is

when drug-seller starts to sell more cocaine(or when they start to produce more cocaine), or just there is more customers who buys more cocaine,anyway there is more people buying drugs, demand goes up,so the price rises too.


On the graph you can see,that demand curve shifted right(because more people buy cocaine),so the price raised...