Question $13(1$ point$)$

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In the basic Economic Order Quantity $($EOQ$)$ model, the optimal quantity changes when selling price of the product changes.

True

False

Question $14(1$ point$)$

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In the basic EOQ model, if annual demand is doubled, the optimal order quantity will also get doubled.

True

False

Question $15(1$ point$)$

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A reduction in the ordering cost $($per order$)$ will increase the optimal order quantity in the basic EOQ model.

True

False