The Main Advantage of Using an Electronic Door Locking System

question 17

Multiple Choice

The main advantage of using an electronic door locking system is

• A) easy to replace
• B) ease of employee use
• C) record of who enters the room and when
• D) more cost efficient

---

Definitions:

Price Floor

A government or regulatory-imposed minimum price set for a particular good or service, below which it cannot be sold, often to protect producers or encourage production.

Surplus

The situation in which the quantity of a good or service supplied exceeds the quantity demanded at the existing price.

Price Ceiling

A price ceiling is a legal maximum price set by the government for certain goods or services to prevent prices from becoming prohibitively high.

Price Floor

A government-imposed minimum price charged on a product, below which that particular product cannot be supplied to the market.