This is the long-answer question that is worth 20 points. Please uploadyour solutions in a single pdf fle after you have submitted the quiz.Do not submit this quiz until you have fnished answering ALL questions.Your document should be labelled with your SID and unit code in theformat SID UNIT1001 Do not include your name. Suppose there are two states of the world, si and s2. We observe thefollowing data about consumption in these states: x! -(1, 5) withprices pl = (3, 2); z = (2, 2) with prices p2 = (4, 4); 3 = (5, 2)with prices p'=(1,y). For what values of y do these data satisfy WARP and GARP?