The reactivity of compound $Z$ with different halogens under appropriate conditions is given below:
(Image of reaction: $Z$ ($3$-tert-butylphenol) reacts with $X_2$ to give mono-halo derivative for $X_2 = I_2$,di-halo for $X_2 = Br_2$,and tri-halo for $X_2 = Cl_2$)
The observed pattern of electrophilic substitution can be explained by:
$A$. The steric effect of the halogen
$B$. The steric effect of the tert-butyl group
$C$. The electronic effect of the phenolic group
$D$. The electronic effect of the tert-butyl group

• A
  $A, B, C$
• B
  $A, B, D$
• C
  $A, C, D$
• D
  $B, C, D$