Question

explain why the market for apples may be in disequilibrium

Answer 1

Disequilibrium could occur if the price was below the market equilibrium price causing demand to be greater than supply, and therefore causing a shortage. Disequilibrium can occur due to factors such as government controls, non-profit maximising decisions and 'sticky' prices.

Surplus from a price floor: If a price floor is set above the free-market equilibrium price (as shown where the supply and demand curves intersect), the result will be a surplus of the good in the market. ... Since well designed price floors create surpluses, the big issue is what to do with the excess supply.