The best description of the motion of the students making a transverse wave is:
One at a time, each student lifts his or her hands up and then down.
In a transverse wave, particles move perpendicular to the direction of the wave propagation. In this scenario, when each student lifts their hands up and then down sequentially, it creates a wave-like motion that spreads around the circle, resembling a transverse wave pattern. The other options describe different types of motions but do not represent a transverse wave effectively.