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Economics, Winning Bolivias Drug War
Essay specific features
Written by:
Cynthia R
Date added:
April 1, 2016
Level:
University
Grade:
B
No of pages / words:
3 / 622
Was viewed:
4042 times
Rating of current essay:
Essay content:
Second, Colombians began growing more of their own coca and, as a
result, now buy less from Bolivia than in the past. I am proposing that the basic principles
of supply and demand are what helped to solve the drug problem. The following
paragraphs will support my argument.
Figure 1 shows the supply and demand curves before and after the changes
occurred in Bolivia...
displayed 300 characters
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As you can see, after the coca plantations were raided, the supply of
cocaine was cut short, thus shifting the supply curve to the left. Also, because Colombians
began growing their own coca, demand decreased for the cocaine from Bolivia, shifting
the demand curve to the left also. To sum up, supply decreased from S to S1, because of
the raids, and demand decreased from D to D1 because Colombians began to grow their
own coca and didn't need to rely as much on Bolivia...
displayed 300 characters
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