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Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Raphael
Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Raphael earns $225 per week working for Barry's Bar. Susan spends $9 to have a drink. Raphael spends $225 to purchase international flights from Wingies. 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 $225 Raphael spends to purchase international flights from Wingies The cocktail Susan receives Susan's labor The $225 per week Raphael earns working for Barry's Bar
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