In this scenario, the loop is positioned to the right of the current-carrying wire, even though it might seem as if it's on the left side. This is because, when you move in the direction of the current, the loop is situated to the right.
Now, as the current diminishes, the induced current within the loop is in a clockwise direction (S), as illustrated in the diagram.
The correct option is (A): time-dependent and downward
Electromagnetic Induction is a current produced by the voltage production due to a changing magnetic field. This happens in one of the two conditions:-
The electromagnetic induction is mathematically represented as:-
e=N × d∅.dt
Where