I'm studying for a microeconomics midterm and ran across the following question:
A person consumes two goods, X and Y. The consumer's only source of income is given by the quantity of Y equal to ten, which he can sell on the market at the existing price.
What would the budget constraint look like? What would it look like if the price of Y increases?
I initially drew the curve with a downward slope until it hits Y=10 on the Y-axis then it becomes vertical down to the X-axis. Can it look like this given that the question doesn't specify how much of X is being consumed?
Thank you in advance.