Step 1: Understanding the Concept
Concentric circles centered at \((1,2)\) have the equation \((x-1)^{2}+(y-2)^{2}=r^{2}\), with arbitrary \(r\).
Step 2: Differentiate
Differentiating once: \(2(x-1)+2(y-2)\frac{dy}{dx}=0\).
Step 3: Solve for dy/dx
\(\frac{dy}{dx}=-\frac{x-1}{y-2}=\frac{1-x}{y-2}\).
Final Answer:
The differential equation is \(\frac{dy}{dx}=\frac{1-x}{y-2}\).
\[ \boxed{\text{(D) }\dfrac{dy}{dx}=\dfrac{1-x}{y-2}} \]