Suppose D₀ and S₀ are the initial demand and supply curves for natural gas. P₀^* and Q₀^* are respectively the initial equilibrium price and initial equilibrium quantity in the market for natural gas. A new technology reduces the cost of extracting natural gas. Using comparative statics, analyze how the equilibrium price and equilibrium quantity in the market for natural gas will change as a resultof this new technology? Be sure to illustrate your answer with graph.