You observe that the demand for pomelo is given by Qd = 8,000-20Pand the supply of pomelo is given by Qs = 2,000 + 20P. What is the market equilibrium for pomelo?
A. P = 150, Q = 5,000
B. P = 500, Q = 16,000
C. P = 200, Q = 3,000
D. P = 50, Q = 2,500
Ans: A. P = 150, Q = 5,000
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