Official explanation:
Step 1: Read the Original Sentence Carefully, Looking for Errors
The original sentence sounds correct and exhibits parallel structure: “increased abruptly ... and continued to rise more slowly ...” But you should check out the other choices to see whether you may have missed something.
Step 2: Scan and Group the Answer Choices
Note that (B), (D), and (E) contain “there was” or “there has been.” This type of construction is rarely correct on the GMAT. Unless the other choices commit grievous errors, be prepared to eliminate these.
Step 3: Eliminate Choices Until Only One Remains
You can eliminate (B), (D), and (E) because “there” constructions (“there was,” “there has been,” etc.) should generally be avoided; these constructions are wordy and often turn verbs into passive voice. (C) is wrong here because the present perfect tense, “has continued,” indicates that the action began in the past but continues into the present. Because the sentence is discussing what happened between 1995 and 2000, the simple past tense is correct. Therefore, (A) is in fact correct.