OE:
Subject verb agreement
The subject of the sentence is “research”. Therefore, the verb should be “has” not “have” Eliminate (A) and (E).
Idiom
To show THAT. Eliminate (B) and (C). The 'that' in (C) is functioning as a relative pronoun and is not part of the idiom "show that".
Parallelism
We are comparing “advantages in text retention CONFERRED BY a book” and “advantages in text retention CONFERRED BY an electronic reader”. Eliminate (C).
False Split
“The ease in which” vs. “how readily”. Technically, both are correct though the GMAT would almost always choose the latter given its brevity. Nevertheless, this distinction is too subtle and should be not be a deciding split, at least initially.
(A) In addition to the “have shown” not agreeing with the single noun “research”, “Conferred by” is not parallel with “few of”. The phrase would have to be “few conferred by an electronic reader” in order to maintain parallelism.
(B) “where text is located” is very vague. We are talking specifically about “where text is located” on the page.
(C) “the physical location of the text” is too vague. The physical location of text is technically on the page, or wherever the book happens to be. The original answer clearly refers to the importance of where text is located on the page. Far more subtle is the use of “and” and a comma to split an idea into two independent clauses, falsely implying that the two ideas aren’t that closely tied together.
(D) The answer.
(E) “Have/has” split. “Shown…TO” is unidiomatic. “Where the text is located” is vague. The original sentence clearly indicates that it is the location of the text upon the page, not its location in general.