Question: Question 9 (1 point) Using the EOQ model, the optimal order quantity of a product used to be 500 units. After experiencing a 60% increase

Question 9 (1 point) Using the EOQ model, the

Question 9 (1 point) Using the EOQ model, the optimal order quantity of a product used to be 500 units. After experiencing a 60% increase in demand, the new EOQ will be Note: Suppose that nothing other than demand changed. cannot be determined. increased by more than 60%. increased by less than 60%. unchanged. increased by 60%

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