Homework (Ch 02) Factors of Production Based on this model, households earn income when firms purchase goods and services . in factor markets. Suppose Deborah earns $500 per week working as jewelry appraiser for Classy's Jewelry Store. She uses $8 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Carlos $325 per week to wash cars. Carlos uses $100 to purchase necklace from Classy's Jewelry Store. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Deborah spends $8 to get her car washed. O Carlos earns $325 per week working for Spotless Car Wash. O Carlos spends $100 to purchase necklace from Classy's Jewelry Store. O 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. The $100 Carlos spends to purchase necklace from Classy's Jewelry Store The car wash Deborah receives The $325 per week Carlos earns working for Spotless Car Wash Deborah's labor Grade It Now Save & Continue Continue without saving