Given:
[tex]\begin{gathered} y=\frac{1}{3x} \\ x=2-t \end{gathered}[/tex]We are to evaluate for y
Substitute x = 2 - t
[tex]y=\frac{1}{3\left(2-t\right)}[/tex]Simplify the equation above
[tex]y=\frac{1}{6-3t}[/tex]Hence, the parametric equation for y is
[tex]y=\frac{1}{6-3t}[/tex]The graph of the equation is shown below