Consider the relationship given by QCars = 100 + 4 × PCars - 2 × PSteel - 0.2 × PWorkers, where QCars is the quantity of cars supplied (in thousands), PCars is the price of cars (in thousands of dollars), PSteel is the price of steel, and PWorkers is the wage earned by autoworkers. If the price of steel is $10 per unit and the price of workers (the wage) is $20, what is the supply curve for cars?
A. QCars = 124 + 4 × PCars
B. QCars = 100 + 4 × PCars - 2 × PSteel - .2 × PWorkers
C. QCars = 100 + 4 × PCars
D. QCars = 76 + 4 × PCar
D. QCars = 76 + 4 × PCar
Economics
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