Question: Scenario 3 In the basic EOQ model, if the order cost decreases by 40% and the holding cost decreases by 22%, determine the effect on

Scenario 3 In the basic EOQ model, if the order cost decreases by 40% and the holding cost decreases by 22%, determine the effect on the EOQ. Round your final answer as a percentage (not the intermediate calculations) to two (2) decimal places (e.g., 19.85). Indicate whether the effect is an increase or decrease by typing increase or decrease. The EOQ will (increase/decrease) by %

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