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Consider a business that follows the EOQ policy in ordering from its supplier. (a) What would be the increase (in percentage) in EOQ if demand

Consider a business that follows the EOQ policy in ordering from its supplier.

(a) What would be the increase (in percentage) in EOQ if demand increases by 300% (i.e., demand quadruples)?

(b) What would be the increase (in percentage) in annual ordering plus holding costs if demand increases by 300%?

(c) What would be the decrease (in percentage) in the cost of ordering and holding per unit if demand increases by 300%?

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