D. Incorrect gateway
The most likely cause of the connectivity failure in this scenario is an incorrect gateway configuration. If the printer is configured with a DHCP reservation, it means it should have a specific IP address assigned to it. However, if the gateway (default gateway) is misconfigured or incorrect, the device will not be able to communicate outside its local subnet. In this case, the print server in the same subnet cannot ping the printer because it doesn't know how to reach it beyond the local subnet.
VLAN configuration, DNS issues, and DHCP scope exhaustion might cause different problems, but in this specific case, an incorrect gateway is the most likely culprit for the connectivity failure.