Question

Walnuts and screwdrivers would be classified as what type of goods?

a) Complementary goods
b) Independent goods
c) Substitute goods

Answer 1

Walnuts and screwdrivers would be classified as complementary goods. Complementary goods are goods that are often used together, so the consumption of one good tends to enhance the consumption of the other.

Step-by-step explanation:

Walnuts and screwdrivers would be classified as complementary goods. Complementary goods are goods that are often used together, so the consumption of one good tends to enhance the consumption of the other. For example, walnuts and screwdrivers are both commonly used when working on projects or fixing things. The demand for one good, such as walnuts, is likely to increase when the price of the other good, like screwdrivers, increases.