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 slope of the budget line would indicate the:

A) Opportunity cost of good Y in terms of good X given up for each unit of Y
B) Opportunity cost of good X in terms of good Y given up for each unit of Y
C) Maximum quantity of good Y that the consumer could buy with a given budget
D) Maximum quantity of good X that the consumer could buy with a given budget