Question: Please include explanation with answer. Thank you. 5. John has income of 200. The price of x is 10 and he consumes 5 units of

Please include explanation with answer. Thank you. 5. John has income

Please include explanation with answer. Thank you.

5. John has income of 200. The price of x is 10 and he consumes 5 units of x and 3 of y. The price of x increases to 12 and John now consumes 3 units of x. Are x and y substitutes? Explain briefly. (5 points)

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