Question: In the basic EOQ model, if annual demand doubles, the effect on the EOQ is: It is four times its previous amount. It is about

In the basic EOQ model, if annual demand doubles, the effect on the EOQ is:
It is four times its previous amount.
It is about 70 percent of its previous amount.
It doubles.
It increases by about 40 percent.
It is half its previous amount.

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