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Market Supply and Demand Curves for a Product P3 P2 $2 P1 D2 D1 Q1 Q2 Q3 Assume that the market is initially in equilibrium where D1 and $1 intersect. If consumer incomes increased and the technology for making the product improved, then new equilibrium would most likely be at P1 and Q3 O P1 and Q1 O P2 and Q2 O P3 and Q1