Reaction of phenol with $NaOH$ followed by heating with $CO_{2}$ under high pressure,and subsequent acidification gives compound $X$ as the major product,which can be purified by steam distillation. When reacted with acetic anhydride in the presence of a trace amount of conc. $H_{2}SO_{4}$,compound $X$ produces $Y$ as the major product. Compound $Y$ is $....$

• A
  
• B
  
• C
  
• D