Please indicate whether it is true, false, or uncertain, and explain why.If the statement has two parts, or if it is partly true and partly false, please explain both parts.The evaluation of your answer focuses on the quality of your explanation.

Given the following information:The initial market quantity demanded of product F is 400 units per month.The (own) price elasticity of demand for product F is 2.0.The income elasticity of demand for product F is 0.7.There is a related product V with an initial price of $20 per unit.

Then the following occur:The price of product F does not change, the price of product V increases from $20 per unit to $22 per unit, and household income increases by 5 percent.

As a result of this combination of changes, the new market quantity demanded of product F is 410 units per month.

Statement to evaluate:With this information, one can conclude that product F and product V are substitutes.