The degree of operating leverage (DOL) has which of the following characteristica? O 1.4 the firm has NO debt, then the DOL will equal to 1. 2. A change in quantity demanded will produce the same percentage change in EBIT as a like change in price per unit of output, other things hold constant. O The DOL relates the change in net income to the change in operating income. 4. The higher the fixed costs, the higher the DOL