The correct statement that explains why the student's claim is incorrect is: The reaction produced a gas that escaped the beaker.
This indicates that some of the matter (in the form of gas) was lost during the process, which is why the mass of the combined liquid is less than the mass of the two separate liquids. In closed systems, matter is conserved, but in this case, matter that was once part of the mixture escaped and was not accounted for in the total mass.