For two goods that I consume and I like both of them, say hamburger and Ice Latte, if hamburger is drawn on the horizontal axis and Ice Latte drawn on the vertical axis, if a uniform ad valorem sales...

Extracted text: For two goods that I consume and I like both of them, say hamburger and Ice Latte, if hamburger is drawn on the horizontal axis and Ice Latte drawn on the vertical axis, if a uniform ad valorem sales tax of 8% is levied on both of them, this will only shrink the budget set but has no effect on slope of the budget line. True False