A long, vertical, straight wire carries a current I which is directed upward. The wire is perpendicular to the plane of a circular metal loop and passes through the center of the loop. The loop is allowed to fall and maintains its orientation with respect to the straight wire while doing so. In what direction does the current induced in the loop flow?
a) There is no induced current
b) It is flowing around the loop in a counterclockwise motion.
c) It is flowing in a clockwise motion.