A startup company produces luxury furniture. It purchases wood from a local
lumber mill and turns the wood into tables, chairs, and desks. Once the
furniture is finished, trucks take it to a local mall where it is sold at a specialty
store. Customers come from all over the state to buy new pieces of furniture
that arrive each month.
Which element of the story represents a product market in the circular flow
model?
A. The lumber mill
B. The specialty store in the mall
OC. The furniture company
D. The customers who shop at the mall