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It is also to ensure equity between different income levels and disadvantaged groups. The intervention of the government is also to prevent fluctuation in the economy and try to smooth the peak and trough of the cycles in inflation and unemployment and restore stability.

The effect of taxation and price controls on the economy, range from the curtailment of the supply of goods to an increase in costs...

When there is a tax impose on goods like tobacco or cigarette as described in the two articles, there is an increase in the price of the product, this shifts the supply curve of the product to the left, in other words less quantity is available at the same prices, there is a decline in the quantity demanded and a new equilibrium between demand and supply is reached...

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