Select the most appropriate option to fill in the blanks.
The blue embroidered saree is no doubt an ________ piece of handwork, but because of its ________ price no one was ready to buy it.

"Exquisite" means extremely beautiful and delicate, which perfectly describes an excellent piece of handwork. "Exorbitant" means unreasonably high, which explains why no one was ready to buy the saree despite its beauty.
Let's look at the meanings of other words:

Embellished: decorated

Errant: erring or straying from the proper course

Extinct: no longer in existence

Ecstatic: feeling overwhelming happiness

Erudite: having or showing great knowledge

Enormous: very large in size, quantity, or extent

Thus, the combination in option A fits contextually and grammatically.