Multiple Choice
Suppose that a consumer purchases just two goods, X and Y. The Y-intercept of the budget line in this case would indicate the
A) maximum dollar amount of budget that the consumer has for good Y.
B) price that the consumer has to pay for each unit of good Y.
C) maximum quantity of good Y that the consumer could buy with a given budget.
D) quantity of good Y that the consumer would want to buy.
Correct Answer:

Verified
Correct Answer:
Verified
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