Applied exercises: Linear functions
A magazine that can be purchased at a price of 2.20 € has a circulation of 120,000 copies. The publisher hired some market researchers who found out that the circulation can be increased by 5000 copies if the price is reduced by 0.20 € per magazine. Conversely, if the price is increased by 0.20 €, one loses 5000 buyers.
Calculate the price per magazine that would be necessary for a circulation of 140,000 copies.
What circulation can the publisher expect if it lowers the price of the magazine to 1.50 €?