Lucy Often Buys Fish and Is Able to Buy It

question 167

Multiple Choice

Lucy often buys fish and is able to buy it for less than she is willing-to-pay.She later learns that fish has more health benefits than she realised.She now values fish even more than before.If the market price of fish does not change then:

• A)Lucy's consumer surplus could go up or down
• B)Lucy's consumer surplus will decrease
• C)Lucy's consumer surplus will be unaffected because the price has not changed
• D)Lucy's consumer surplus will increase

---

Definitions:

I/O System

An Input/Output System is the component of a computer or PLC responsible for communication with the external environment through devices like sensors and actuators.

CPU

A CPU, or Central Processing Unit, is the primary component of a computer responsible for interpreting and executing instructions and running software.

Field Equipment

Hardware and devices deployed in outdoor or remote areas for monitoring, controlling, or communication purposes in various industries.

PLC's Operating System

The software framework that manages the hardware resources of a Programmable Logic Controller and provides the execution environment for the control program.