Step 1: React toluene with chlorine gas.
Toluene (\( \text{C}_6\text{H}_5\text{CH}_3 \)) reacts with chlorine gas (\( \text{Cl}_2 \)) at 385 K. In this reaction, chlorine undergoes an electrophilic substitution reaction at the benzylic position, i.e., the methyl group (\( \text{CH}_3 \)) in toluene is substituted by a chlorine atom to form the product X, benzyl chloride (\( \text{C}_6\text{H}_5\text{CH}_2\text{Cl} \)).
\[
\text{C}_6\text{H}_5\text{CH}_3 + \text{Cl}_2 \xrightarrow{385K} \text{C}_6\text{H}_5\text{CH}_2\text{Cl}
\]
Step 2: React product X with sodium ethoxide.
The product X, benzyl chloride (\( \text{C}_6\text{H}_5\text{CH}_2\text{Cl} \)), undergoes nucleophilic substitution with sodium ethoxide (\( \text{NaOEt} \)) to replace the chlorine atom with the ethoxy group (\( \text{C}_2\text{H}_5\text{O} \)) to form the product Y, ethylbenzene (\( \text{C}_6\text{H}_5\text{CH}_2\text{O} - \text{C}_2\text{H}_5 \)).
\[
\text{C}_6\text{H}_5\text{CH}_2\text{Cl} + \text{NaOEt} \rightarrow \text{C}_6\text{H}_5\text{CH}_2\text{O} - \text{C}_2\text{H}_5
\]
Step 3: Conclusion.
The structure of Y is an ethoxy-substituted benzene, which corresponds to the product in option (A).