Which of the following statements about the basic EOQ model is true? Note: If all are true, then choose the last answer. O If annual demand were to double, the EOQ would increase. O If the ordering cost were to double, the EOQ would rise. If annual demand were to double and the EOQ quantity is used as the order size, the number of orders per year would increase. If the holding cost were to increase, the EOQ would fall. All of the above statements are true