Question: What would be the predicted effect on the economic order quantity (EOQ) if demand is forecasted to drop by 50%? (Hint use the EOQ equation

What would be the predicted effect on the economic order quantity (EOQ) if demand is forecasted to drop by 50%? (Hint use the EOQ equation to determine the effect of a 50% drop in demand on the resulting EOQ estimate) a) EOQ increases by approximately 50% b) EOQ decreased by approximately 50% c) EOQ decreases by approximately 30% d) Eoq decreases by approximately 70%

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