In 2013, the Supreme Court made a ruling in the Davis v. the University of Texas at Austin case that the college must show compelling evidence that racial preferences are justified as one of the admissions criteria.
<h3>In Davis v. UT Austin, what decision did the Supreme Court make?</h3>
In Davis v. the University of Texas at Austin (Fisher), the U.S. Supreme Court (the "Court") decided on June 23, 2016, by a vote of 4-3 that the university's race-conscious admissions policy complied with the Equal Protection Clause of the Fourteenth Amendment.
In its 2013 decision in Davis v. Texas, which remanded the case to the Fifth Circuit, the Supreme Court set high requirements for affirmative action policies, saying that colleges could only take race into account when making admissions decisions if they could provide a "reasoned, principled explanation" for wanting a diverse student body.
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A market supply schedule shows the prices and the quantity of goods supplied in the entire market.
<h2>Further Explanation</h2><h3>Market supply</h3>
- Market supply is the quantity of goods or services that suppliers are willing to supply to the market at a particular price.
- Producers and suppliers will supply goods and services at the most favorable market price that is determined by the forces of demand and supply among other factors.
<h3>Market supply schedule </h3>
- A market supply schedule outlines the relationship between prices of goods and services and the Quantity of goods and services supplied by the producers or suppliers to the market.
- Quantity of goods and services supplied by the producers varies with the market price.
- The supply schedule helps us to come up with a law that we call the law of supply which defines the relationship between price and quantity of goods and services supplied.
<h3>Law of supply </h3>
- According to the law of supply, an increase in price of a good or a service results to an increase in the quantity of goods or services that suppliers are willing to supply.
- Conversely, a decrease in price on the other hand will result to low supply of quantity of goods and services by the suppliers.
Keywords: Supply, supply schedule, Quantity of goods supplied, price of goods.
<h3>Learn more about; </h3>
Level; High school
Subject: Business
Topic: Demand and supply
Sub-topic: Supply
