It is clear that SOMETHING exerts a force on the conducting wire in a downwards direction.
By Newton's 3rd law, the (field of) this conducting wire also exerts a force on something.
Could the magnet be said to move upwards (and hence reading decrease) due to an equal opposite reaction force?
The Attempt at a Solution
I'm not sure which direction the "reaction force" acts in. I've also read a bunch about conservation of momentum and having to consider field velocity, but is there any way to answer this question without talking about all that? Thanks!