Question 5 If the Nigerian government were to enforce a price floor of US $20... a) Both Starlink and FiberOne would be out of business b) More Nigerians would have access to the internet c) There would be no changes experienced by both consumers as well as the internet services providers d) There would be more demand for internet services than supply.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter4: Demand And Supply: Applications And Extensions
Section: Chapter Questions
Problem 15CQ
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Question 5

If the Nigerian government were to enforce a price floor of US $20...

a) Both Starlink and FiberOne would be out of business

b) More Nigerians would have access to the internet

c) There would be no changes experienced by both consumers as well as the internet services

providers

d) There would be more demand for internet services than supply.

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