[Solution from source] Induced emf = Bvl, where l is the length of the loop lying on the field boundary as it leaves. For a rectangle or square moving perpendicular to a side, l is a constant side length, so the emf is constant; for a circle or ellipse the chord at the boundary changes continuously, so the emf changes. A shrinking flux alone does not make the emf vary; it is the rate of change of flux that matters. Answer (1).