Suppose That a Consumer Purchases Just Two Goods, X and Y

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 consumers 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