Question: 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

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 ______

Question 10 options:

	increased by 60%.
	cannot be determined.
	unchanged.
	increased by less than 60%.
	increased by more than 60%

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