Question 16 Which of the following would represent both the entry of SpaceX to offer internet services in Nigeria as well as an increase in the monthly household income for rural households in Nigeria, in the market of internet services ceteris paribus. a) Equilibrium quantity would increase but the equilibrium price would be indeterminant b) Equilibrium quantity would be indeterminant, but the equilibrium price would decrease c) Equilibrium quantity would be indeterminant, but the equilibrium price would increase d) Equilibrium quantity would decrease but the equilibrium price would be indeterminant Question 17 “Starlink is a satellite-based internet service. It is set to be rolled out elsewhere on the continent, including the Democratic Republic of Congo (DRC), Kenya and Tanzania, later this year”. What effect will this announcement have in the market for internet services in the DRC, Kenya and Tanzania? a) A decrease in demand for internet services b) An increase in supply of internet services c) An increase in quantity supplied of internet services d) A decrease in quantity demanded of internet services (4 marks) (4 marks)
