The resource market or the product market

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Suppose Kate earns $575 per week working as jewelry appraiser for Classy's Jewelry Store. She uses $9 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Hubert $400 per week to wash cars. Hubert uses $325 to purchase necklace from Classy's Jewelry Store.

**Identify whether each of the following events in this scenario occurs in the resource market or the product market??

**Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check all that apply.

 

 

Reference no: EM13824654

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The resource market or the product market : Suppose Kate earns $575 per week working as jewelry appraiser for Classy's Jewelry Store. She uses $9 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Hubert $400 per week to wash cars. Hubert uses $325 to purchase necklace from Cla..
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