Based on this model, firms earn revenue when households

purchase goods and services

in product markets.

Suppose Crystal earns $$550$ per week working as a driving instructor for Passing Left. She uses $$10$ to take a spin class at Silver's Gym. Silver's Gym pays Brian $$325$ per week to work as a trainer. Brian uses $$225$ to purchase driving lessons from Passing Left.

Identify whether each of the following events in this scenario occurs in the factor market or the product market.

$\backslash$table$[[,,],[$Event$,$Factor Market,Product Market$],[$Crystal spends $$10$ to take a spin class.,,O$],[$Crystal earns $$550$ per week working for Passing Left.,,$],[$Brian earns $$325$ per week working for Silver's Gym.,,$(]]$