The Market for College Education Obama Decries Rising Cost of College Education President Obama told colleges, "You can't assume that you'll just jack up tuition every single year....In the coming decade, 60 percent of new jobs will require more than a high school diploma...Higher education is not a luxury. It's an economic imperative that every family in America should be able to afford."

Source: The Associated Press, January 27, 2012

The Data The scatter diagram provides data on college enrollments and tuition from 1994 through 2013.

The Questions

What does the scatter diagram tell us?

Why has college tuition increased? Is it because demand increased or supply increased