Suppose Lucia earns $900 per week working as a software engineer for Casement. She uses $8 to take a spin class at Silver’s Gym. Silver’s Gym pays Kenji $350 per week to work as a trainer. Kenji uses $150 to purchase software from Casement. Identify whether each of the following events in this scenario occurs in the factor market or the product market. Event Factor Market Product Market Lucia spends $8 to take a spin class. Kenji earns $350 per week working for Silver’s Gym. Kenji spends $150 to purchase software from Casement.
