Although the stock of inventories fluctuates over time because production is smoothed relative to sales, at any point in time, inventories may be unexpectedly high or low because sales have been unexpectedly low or high. Explain how this is likely to affect future production.

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The Answer of Although the stock of inventories fluctuates over time because production is smoothed relative to sales, at any point in time, inventories may be unexpectedly high or low because sales have been unexpectedly low or high. Explain how this is likely to affect future production.

Although the Stock of Inventories Fluctuates Over Time Because Production