Answer
(a) $r^2=sec~θ~csc~θ$
(b) See graph below
Work Step by Step
(a)
$x=r~cos~θ$
$y=r~sin~θ$
$xy=1$
$(r~cos~θ)(r~sin~)=1$
$r^2cos~θ~sin~θ=1$
$r^2=\frac{1}{cos~θ~sin~θ}$
$r^2=sec~θ~csc~θ$
(b) Use:
$y=\frac{1}{x}$
or
$r=sec~θ~csc~θ$ and $r=-sec~θ~csc~θ$