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To compare the two numbers, we need to determine which one is greater.
First, let's evaluate 23×103:
23 × 103 = 2,369
Now, let's evaluate 11×104:
11 × 104 = 1,144
Comparing the two results, we can see that 2,369 is greater than 1,144.
Therefore, 23×103 is greater than 11×104.