The correct option is A pH of blood falls.
At PO2 of 100 mm Hg, haemoglobin is nearly 100% saturated with oxygen, and at 40 mm Hg, haemoglobin is 75% saturated. The oxyhaemoglobin dissociation curve describes the relationship between oxygen saturation of blood and PO2. Exposure of blood to the high PO2 in the respiratory zone of the lung results in binding of a substantial amount of oxygen. When pH falls in a tissue, means the amount of CO2 is also increased and the need for oxygen is increased. So, at a lower pH haemoglobin releases oxygen faster.