Question: In the basic EOQ model, if both, annual demand and annual holding cost are cut down by half, the effect on the EOQ is _

In the basic EOQ model, if both, annual demand and annual holding cost are cut down by half, the effect on the EOQ is _________________________.
In the basic EOQ model, if both, annual demand and annual holding cost are cut down by half, the effect on the EOQ is _________________________.
it doubles
it remains the same
it is half of its previous amount
it is about 50% of its previous amount

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