The total driving time is 7 hours, 3 minutes. Your trip begins in Phoenix, Arizona. It ends in Durango, Colorado. If you're planning a road trip, you might be interested in seeing the total driving distance from Phoenix, AZ to Durango, CO. You can also calculate the cost to drive from Phoenix, AZ to Durango, CO based on current local gas prices and an estimate of your car's best gas mileage.
Price point refers to the retail price charged for an item, and the way consumers interact with this price. If a price point is...
They intersect a t a certain point. They intersect at the price where the amount producers are willing and able to supply converges with the amount consumers are willing and able to purchase. This point of convergence is called the equilibrium price. Theoretically it is where supply and demand meet and prices settle. If suppliers ignore demand, and continue to produce units and price them too high, they will not be purchased. Instead they will sit in the warehouse.