In the circular-flow diagram showing how a market system works, A. income flows to firms and the government through factor markets. B. households are demanders and firms are suppliers in factor markets. C. firms and households are both suppliers in product markets. D. income flows to firms through product markets. E. households purchase output produced by firms in product and factor markets.
Expert's Answer
Chat with our Experts
Want to contact us directly? No Problem. We are always here for you
Get Online
Assignment Help Services