Suppose There Are Two Goods,X and Y,with X Measured on the Horizontal

Multiple Choice

Suppose there are two goods,X and Y,with X measured on the horizontal axis and Y measured on the vertical axis.Which of the following statements about a budget line relating the two goods is correct?

A) The budget line shows all the possible combinations of X and Y a consumer can buy given the level of income and prices.
B) The budget line shows all the possible combinations of X and Y a consumer can buy given the level of income,prices,and borrowings.
C) The budget line shows the most preferred combinations of X and Y a consumer can buy given the level of income and prices.
D) The budget line shows the least-cost combinations of X and Y a consumer will buy given the level of income and prices.