Suppose that theprice of steel, a major input for making cars, increased. Usingtwo separate competitive supply/demand diagramsforcars market, and gasmarket, illustrate and briefly explain the probable effects of the increase in the price of steel onequilibrium price, andequilibrium quantities, in thecars and gas markets. What happens to therevenues of car, andgas producers/sellers?[Hint: Car and gas are complements]. You may just explain in detail what happens to the demand/supply curves for Gas market and Cars market as well as corresponding equilibrium price and quantity