Final answer:
The intersection of sets P and Q, denoted P ∩ Q, includes the common elements 'oranges' and 'pears', thus the correct answer is P ∩ Q = {oranges, pears}.
Step-by-step explanation:
The question asks us to find the intersection of two sets P and Q, where P = {apples, oranges, bananas, pears} and Q = {oranges, pears, grapes}. The intersection of two sets, denoted by P ∩ Q, includes all the elements that are common to both sets. In this case, the elements oranges and pears are present in both set P and set Q. Therefore, the intersection of P and Q is P ∩ Q = {oranges, pears}.