Which Generalization Is Incorrect

question 2

Multiple Choice

Which generalization is incorrect?

• A) Given supply, the more elastic the demand for a product, the larger is the portion of an excise tax that is shifted forward to consumers.
• B) Given demand, the more elastic the supply of a product, the larger is the portion of an excise tax that is borne by producers.
• C) Given supply, the more elastic the demand for a product, the larger is the portion of an excise tax that is borne by the sellers.
• D) Given demand, the less elastic the supply of a product, the larger is the portion of an excise tax that is shifted forward to consumers.

---

Definitions:

United Breaks Guitars

is a viral song and music video created by musician Dave Carroll, highlighting his negative customer service experience with United Airlines, focusing on the airline's mishandling of his guitar.

Polysemy

is the characteristic of a word, phrase, or symbol to have multiple meanings or interpretations.

Interpreting

The process of translating spoken or signed language into another language, facilitating communication between people who do not share a common language.

Crisis Trigger

An event or situation that sparks a significant challenge or threat to a brand, which requires immediate and strategic response.