Could someone help me with this question? The answer is D. Please explain why it moves up. Thanks!
Welcome to the forums Elvis!
I'm thinking the answers mean
the ring is what jumps, but the logic is the same regardless. When we flick the switch, we have a current flowing into the coil. This introduces a magnetic field - Now it is constant once the current is flowing, but while it ramps up, it is changing. That changing field induces eddy currents in the ring.
Now the induced current will act to oppose the change which created it (Lenz's Law). The ring wasn't in a magnetic field, now it is, so the eddy currents will act to create forces to get the ring away from the field. Rotating won't do this, not moving won't do this - Jumping up will do this! Hence the answer!
This is the intuitive explanation without an exact analysis of forces, but this does the trick for this question!