Correct Answer: A. Punctuated equilibrium is an evolutionary theory that suggests that species remain stable/somewhat unchanging throughout most of their existence and go through rapid changes in relatively short periods. This rapid change in the species' traits is typically attributed to geologic events (ex: mountain range forming and separating 2 populations of the same species, which would lead to different selective pressures on either side of the mountain and changes in the traits of the two populations).
Incorrect Answers:
B. Mass extinctions might be a good explanation for significant changes in a species in a brief period of time (if the species was one of the species to survive the extinction), but this is definitely not the ONLY explanation for such changes in a population.
C. There are theories that suggest a gradual and relatively constant change in species throughout their existence, but there is more evidence (especially in the fossil record) and support for punctuated equilibrium.
D. ***same explanation as C***