In the real world, countries use a mixture of the three basic types of economic systems

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

A consumer's indifference curve shows: a. all the commodity bundles a consumer can afford

b. only commodity bundles that maximize utility. c. the equilibrium commodity bundles. d. various combinations of goods that yield the same level of total utility to this consumer.