The horizontal axis is labeled consumer goods. The vertical axis is labeled capital goods. The graph shows three parallel concave downward curves. The first curve begins at a point on the vertical axis, goes down slightly and to the right until it reaches a point and then continues to go down with increasing steepness till it reaches a point marked P P 1 on the horizontal axis. Points A, B, and C are marked on the first curve in order from left to right, with A close to the vertical axis, C close to the horizontal axis, and B in between the two. Point D is marked below the first curve, to the left of C. The second curve is above the first curve and ends at a point marked P P 2 on the horizontal axis. Point E is marked on the second curve, above point B. The third curve is above the second curve and ends at a point marked P P 3 on the horizontal axis. Point F is marked on the third curve.

Refer to the diagram. An improvement in technology will