The Following Questions Refer to the Graph Below

question 6

Multiple Choice

The Following Questions Refer to the graph below.
-A minimum wage set at $12 per hour would result in a surplus of

• A)0
• B)10
• C)20
• D)35
• E)None of the above

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Definitions:

Common Stock

Equity ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily match its market value.

Common Stock

Equity securities representing ownership in a corporation, giving shareholders voting rights and a share in the company's profits through dividends.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often receiving dividends before common shareholders.