Step 1: Concept
An LED (Light Emitting Diode) is a P-N junction diode that operates in forward bias.
Step 2: Characteristic Curve
Like a standard diode, the current is negligible until the "knee voltage" is reached, then increases exponentially. Different colors (materials) have different knee voltages.
Step 3: Analysis of Graphs
Graph (a) typically represents forward bias characteristics showing the threshold/knee voltage effect for different semiconductors used in LEDs.
Step 4: Conclusion
Graph 'a' correctly illustrates LED behavior.
Final Answer:(C)