So, the answer uses the fact that the stimulus was NOT constant as a way to get rid of adaptation being a possible explanation (adaptation would require a constant stimulus, as they say). They get rid of the neurological argument by saying that the x-axis of the figure is in minutes, not seconds, but when we look at refractory period or hyper/depolarization of neurons, that is measured in seconds - because it's in minutes and not seconds, I think they are saying that it's hard to extrapolate the data to neuronal activity. This is why they attribute the reason to something psychological, rather than neurological or adaptation.