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
Answer: B
Economics
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