All else being equal, a reduction in total fixed costs would have which of the following effects on a cost-volume-profit ("CVP") graph? The slope of the total cost line would flatten and the breakeven point would fall. The slope of the total cost line would steepen and the break-even point would fall. The total cost line would shift upwards and the break-even point would rise. The total cost line would shift downwards and the break-even point would fall. The total cost line will shift downwards and there will be no effect on the breakeven point