The equilibrium price of mangoes is N1.00. If the price fall to 50k, there will be

If the equilibrium price of mangoes is N1.00, it means that at that price, the quantity of mangoes demanded by consumers is equal to the quantity of mangoes supplied by producers. If the price falls to 50k, it means that the price of mangoes has decreased below the equilibrium price. This will result in an increase in the quantity of mangoes demanded by consumers as mangoes become more affordable, while producers will reduce the quantity of mangoes supplied because the price is now too low for them to make a profit. As a result, there will be excess demand for mangoes, which means that consumers want to buy more mangoes than producers are willing to supply at the lower price. This excess demand could lead to a shortage of mangoes in the market, as consumers compete to buy the available supply. Therefore, the answer is "an excess demand."