The variations in the genes and the traits results in formation of new species. The red node in the species represent the common ancestors of B and C, with the speciation event.
What is a speciation event?
The event of the change in the traits and the branching of the species resulting in new variations is termed as speciation event.
The diagram represent the common origin for traits 1, that bifurcates in traits 2 and 3.
Trait 2 gives rise to species A. While the variations in trait 2 at red node results in species B and C.
Thus, the red node is the indication of the common ancestors of species B and C. The speciation event that results in the species B and C also occur at the red node. Thus, options 1 and 4 are correct.
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