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College textbook prices are changing. As an easy and mystifying empirical exercise, track the price of...

College textbook prices are changing. As an easy and mystifying empirical exercise, track the price of textbooks in the last 5 years. More or less, what is the trend you detected? What are the factors affecting the price of college textbook?

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After tracking the price of textbook in the last 5 years, I have found that the price of textbook has increased at an average of 20% per year as compared to the previous year.
The factors affecting the price of college textbooks are discussed below-
1. If the price of paper which is used in making the textbook increases the price increases.
2. The cost of ink used in printing the textbook is also responsible for affecting the price.
3. If any book becomes famous and is in good demand, there are high chances that price will increase.

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