Termite art," a term coined by film critic Manny Farber, refers to artworks that, unlike bloated and commercial "white elephant art,"
destroys pre-existing boundaries, exhibits fearlessness, and economy of expression.
A) destroys pre-existing boundaries, exhibits fearlessness, and economy of expression : Wrong artworks denote plural subject hence destroys and exhibits are wrong verb forms. Also, economy of expression lacks the parallelism other are verb + noun and economy of expression is noun phrase.
B) destroys pre-existing boundaries, exhibits fearlessness, and also shows economy of expression : same as above
C) destroy pre-existing boundaries, exhibits fearlessness, and economy of expression : Exhibits wrong
D) destroying pre-existing boundaries and exhibiting both fearlessness and economy of expression : changes the meaning also simple verb form preferred over continuous "ing" form.
E) destroy pre-existing boundaries and exhibit both fearlessness and economy of expression : correct it has corrected all the above mentioned errors.