The graph shows the labor market for nursing school graduates. Suppose the percentage of high Wage rate (dollars per hour) school students who decide to go to nursing school decreases 60.00- Show the effect in the market for nursing school graduates. Draw either a new supply curve 55.00- labeled LS, or a new demand curve labeled LD,. Draw a point to show the new equilibrium wage rate and the number of nursing school graduates 50.00 employed. 45.00- LS When the percentage of students who decide to go to nursing school decreases, the 40.00-37.50 nursing school professors 35.00- 30.00- O A. demand for; increases 25.00- O B. supply of; decreases 20.00- LD O C. demand for; decreases 15.00 O D. supply of; increases 10.00- 5.00- 400 The wage rate of professors and the number of professors employed 0.00- 100 200 300 400 500 600 700 800 O A. falls; increases Quantity of labor (thousands of nursing school graduates) O B. rises; increases >>> Draw only the objects specified in the question. O C. falls; decreases O D. rises; decreases