Market equilibrium and disequilibrium

Which statement gives the definition of market equilibrium?

Oct/Nov 2025

In 2022 the supply of root ginger from Nigeria, Africa’s largest producer, declined by 20%. Market demand was predicted to rise by more than 5%. With the aid of a demand and supply diagram, explain how the market equilibrium for root ginger in Nigeria is expected to change and judge how certain you are about the new market price.

Oct/Nov 2025