(b) will move with almost constant speed
As the magnet is moving under gravity, the flux linked with the copper tube will change because of the motion of the magnet. This will produce eddy currents in the body of the copper tube. According to Lenz's law, these induced currents oppose the fall of the magnet. So, the magnet will experience a retarding force. This force will continuously increase with increasing velocity of the magnet till it becomes equal to the force of gravity. After this, the net force on the magnet will become zero. Hence, the magnet will attain a constant speed.