Determine Whether the Statement Makes Sense $10 ^ { 11 }$

question 211

True/False

Determine whether the statement makes sense. If the statement is possible then it makes sense. If it is clearly impossible,it does not make sense.
-Last year the total amount spent by Americans on food was about $10 ^ { 11 }$ dollars.

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Definitions:

Excess Demand

A situation where the quantity demanded of a product or service exceeds the quantity supplied at a given price.

Quantity Demanded

The amount of a good or service that buyers are willing and able to purchase at a specific price, holding all other factors constant.

Supply Pizza

Represents the total quantities of pizza that sellers are willing and able to provide at various prices within a given market.

Excess Supply

Excess supply, also known as surplus, occurs when the quantity of a good or service offered for sale exceeds the quantity demanded at the current price.