Nigeria Economics Students Association

Nigeria Economics Students Association Association of Economist across the nation.

Given the example below, what is the value of X if (3x-2)5=50
08/04/2026

Given the example below, what is the value of X if (3x-2)5=50

Given the example below, what is the value of X if (3x-2)5=50.

Given the example below, what is the value of X if (3x-2)5=50.
08/04/2026

Given the example below, what is the value of X if (3x-2)5=50.

23/02/2026

Mathematical Derivation of Market Equilibrium
Market equilibrium occurs where quantity demanded (Qd) equals quantity supplied (Qs).

1️⃣ Step 1: Define Demand and Supply Functions
Assume linear functions:

Demand Function:
Qd = a-bp
Where:

a
a = intercept (quantity demanded when price = 0)

b
b = slope coefficient (sensitivity to price)

P
P = price

Demand slopes downward ⇒
b
>
0
b>0

Supply Function:

Q
s
=
c
+
d
P
Q
s

=c+dP
Where:

c
c = intercept

d
d = slope coefficient

P
P = price

Supply slopes upward ⇒
d
>
0
d>0

2️⃣ Step 2: Set Equilibrium Condition
At equilibrium:

Q
d
=
Q
s
Q
d

=Q
s


So,

a

b
P
=
c
+
d
P
a−bP=c+dP
3️⃣ Step 3: Solve for Equilibrium Price (P*)
a

c
=
b
P
+
d
P
a−c=bP+dP
a

c
=
(
b
+
d
)
P
a−c=(b+d)P
P

=
a

c
b
+
d
P

=
b+d
a−c


This is the equilibrium price.

4️⃣ Step 4: Substitute to Get Equilibrium Quantity (Q*)
Substitute
P

P

into either demand or supply equation:

Q

=
a

b
P

Q

=a−bP


Q

=
a

b
(
a

c
b
+
d
)
Q

=a−b(
b+d
a−c

)
You may also use:

Q

=
c
+
d
P

Q

=c+dP


Both will give the same answer.

📌 Numerical Example
Let:

Q
d
=
100

2
P
Q
d

=100−2P
Q
s
=
20
+
3
P
Q
s

=20+3P
Set equal:

100

2
P
=
20
+
3
P
100−2P=20+3P
80
=
5
P
80=5P
P

=
16
P

=16
Substitute back:

Q

=
100

2
(
16
)
Q

=100−2(16)
Q

=
68
Q

=68
✅ Final Equilibrium
P

=
16
P

=16
Q

=
68
Q

=68

01/11/2025

This is a warning to all Nigerians. Know what to talk, post and comment on.

28/10/2025

ABIS2025 done to the glory of God. We said a big thanks to the key note speaker and organizer Tony Ellumelu and Amber. Maureen Tamuno respectively.

20/10/2025

Please Calculate 2+3-5×5÷6= ?

11/10/2025

Things EVery Man Should Know By Age 30

1.Time is your most valuable asset.

You can lose money and earn it back.

But once time is gone,

It’s gone forever.

Spend it wisely.

Focus on important things.

Don't waste it chasing distractions.

2. No one is coming to save you

Stop waiting for a miracle.

Your success is your responsibility.

Take control of your life and choices.

Work hard & stay consistent.

You are your own savior.

3. Learn to say NO.

Every yes takes away from your time.

Stop being a people pleaser.

Respect your boundaries.

Protect your energy.

Say no to distractions.

Your peace is everything.

4. Your health is your foundation.

You only get one body.

Take care of it.

Exercise daily.

Eat clean.

Sleep well.

Your future depends on you today.

Strong body, strong life.

5. Master your emotions

Anger ruins opportunities.

Stay calm under pressure.

Learn to think before you react.

Emotional control is a superpower.

It separates boys from men.

6. Money doesn't buy happiness

Don't chase material things.

Focus on creating wealth.

Then, you'll live on your terms.

Invest wisely.

Spend intentionally.

Freedom is the ultimate goal.

Money gives you options,

Not meaning.

7. Choose your circle carefully.

You're the average of your friends.

Avoid negative or lazy friends.

Be friends with inspiring people.

The right network elevates your life.

Your circle defines your future.

8. Skills > Degrees.

The world pays for what you can do.

Don’t rely solely on your education.

Learn high-value skills.

Keep upgrading your knowledge.

Be adaptable, and you’ll thrive.

9. Consistency is king.

You don’t need motivation every day.

What you need is discipline.

Small, consistent efforts lead to massive results.

Show up no matter what.

That’s how you win long-term.

10. Confidence is competence.

Stop waiting to "feel ready."

Start doing, failing, and learning.

Every skill you master,

Makes you more confident.

Action beats hesitation.

11. Women want a man with purpose.

Don’t make her your entire focus.

Pursue your goals,

She'll pursue you.

A man on a mission is attractive.

Stay ambitious.

The right woman will follow.

Purpose first, relationships second.

12. Success requires failure

It’s part of the process.

Every mistake is a lesson.

Embrace setbacks & grow from them.

The only true failure is giving up.

Failure builds resilience.

13. Your reputation is everything.

Guard it like your bank account.

Trust takes years to build.

It takes seconds to destroy.

Be honest, reliable, and respectful.

Your name should open doors,

Not shut them.

Protect your integrity.

14. Happiness comes from within.

No amount of money, women, or status will fulfill you.

Work on your mindset.

Gratitude and purpose bring real joy.

Stop chasing external validation.

True happiness is self-made.

15. Women are not a mystery.

They want a man who’s:

- confident

- kind

- driven

Stop overthinking and be authentic.

Focus on self-improvement.

She'll chase you.

When you level up, they notice.

Work on yourself first.

16. Learn to listen more than you talk.

Everyone loves to feel heard.

Ask questions and pay attention.

Listening builds deeper connections.

The quiet man often knows the most.

Wisdom comes from observing.

17. Delayed gratification.

Stop chasing short-term pleasures.

Invest in your future.

Patience & discipline lead to success.

Sacrifice now to enjoy later.

Play the long game.

18. Always bet on yourself.

No one will believe in you.

Invest in your:

- skills,

- knowledge

- growth

Take risks and trust your abilities.

You are your greatest asset.

Be your biggest supporter.

19. Be a great leader.

Great leaders inspire & uplift people.

It’s not about power.

It’s about impact.

Lead by example, not by word.

Help others grow, and you’ll grow too.

Leadership is earned, not given.

20. Life is short—make it count.

You don’t get a second chance.

Take risks & chase dreams.

Spend time with people you love.

Leave a legacy worth remembering.

Live a life you’re proud of.

Follow this space if you want appreciate me.

08/10/2025

Starting January 2026, buying and selling land will be taxed!

🚨 New Tax Rules in Nigeria – How They Affect You In Simple Terms🚨

1️⃣ Diaspora Nigerians: If you spend more than 183 days (6 months) in Nigeria, you’ll pay tax on your global income (even money you earn abroad).

2️⃣ Content creators & influencers: Whether you make money on YouTube, TikTok, Instagram, or freelancing abroad, Nigeria says you must pay tax.

3️⃣ Buying & selling land/property: Money made from selling property or shares can now be taxed like normal income.

4️⃣ Everyday prices: VAT stays at 7.5%, but businesses will face stricter tax enforcement — meaning many will simply increase prices, and Nigerians like you and me will feel it in our pockets.

Bottom line: These rules mean higher costs for ordinary Nigerians and double taxation risks for those abroad.
The big question now is what is the positive and adverse effects of the new tax policy on our economy. Economist please analyze your thoughts in the comments section.

𝗧𝗛𝗘 𝗠𝗔𝗧𝗛𝗘𝗠𝗔𝗧𝗜𝗖𝗦 𝗢𝗙 𝗟𝗜𝗙𝗘𝗟𝗶𝗳𝗲 𝗶𝘀 𝗳𝘂𝗹𝗹 𝗼𝗳 𝗠𝗮𝘁𝗵𝗲𝗺𝗮𝘁𝗶𝗰𝘀. *𝗜 𝗳𝗶𝗻𝗱 𝘁𝗵𝗶𝘀 𝘁𝗼 𝗯𝗲 𝗩𝗲𝗿𝘆 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗮𝗻𝗱 a 𝗺𝗲𝗮𝗻𝗶𝗻𝗴𝗳𝘂𝗹 𝗺𝗲𝘀𝘀𝗮𝗴𝗲  𝘁𝗼 𝘀𝗵𝗮...
11/07/2025

𝗧𝗛𝗘 𝗠𝗔𝗧𝗛𝗘𝗠𝗔𝗧𝗜𝗖𝗦 𝗢𝗙 𝗟𝗜𝗙𝗘

𝗟𝗶𝗳𝗲 𝗶𝘀 𝗳𝘂𝗹𝗹 𝗼𝗳 𝗠𝗮𝘁𝗵𝗲𝗺𝗮𝘁𝗶𝗰𝘀. *𝗜 𝗳𝗶𝗻𝗱 𝘁𝗵𝗶𝘀 𝘁𝗼 𝗯𝗲 𝗩𝗲𝗿𝘆 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴 𝗮𝗻𝗱 a 𝗺𝗲𝗮𝗻𝗶𝗻𝗴𝗳𝘂𝗹 𝗺𝗲𝘀𝘀𝗮𝗴𝗲 𝘁𝗼 𝘀𝗵𝗮𝗿𝗲*:-

```
𝗔 = 𝟭
𝗕 = 𝟮
𝗖 = 𝟯
𝗗 = 𝟰
𝗘 = 𝟱
𝗙 = 𝟲
𝗚 = 𝟳
𝗛 = 𝟴
𝗜 = 𝟵
𝗝 = 𝟭𝟬
𝗞 = 𝟭𝟭
𝗟 = 𝟭𝟮
𝗠 = 𝟭𝟯
𝗡 = 𝟭𝟰
𝗢 = 𝟭𝟱
𝗣 = 𝟭𝟲
𝗤 = 𝟭𝟳
𝗥 = 𝟭𝟴
𝗦 = 𝟭𝟵
𝗧 = 𝟮𝟬
𝗨 = 𝟮𝟭
𝗩 = 𝟮𝟮
𝗪 = 𝟮𝟯
𝗫 = 𝟮𝟰
𝗬 = 𝟮𝟱
𝗭 = 𝟮6

*𝗧𝗛𝗘𝗡,*

```𝗛+𝗔+𝗥+𝗗+𝗪+𝗢+𝗥+𝗞
𝟴+𝟭+𝟭𝟴+𝟰+𝟮𝟯+𝟭𝟱+𝟭𝟴+𝟭𝟭
= 𝟵𝟴%

𝗞+𝗡+𝗢+𝗪+𝗟+𝗘+𝗗+𝗚+𝗘
𝟭𝟭+𝟭𝟰+𝟭𝟱+𝟮𝟯+𝟭𝟮+𝟱+𝟰+𝟳+𝟱
= 𝟵𝟲%

𝗟+𝗢+𝗩+𝗘
𝟭𝟮+𝟭𝟱+𝟮𝟮+𝟱
= 𝟱𝟰%

𝗟+𝗨+𝗖+𝗞
𝟭𝟮+𝟮𝟭+𝟯+𝟭𝟭
= 𝟰𝟳%

𝗡𝗼𝗻𝗲 𝗼𝗳 𝘁𝗵𝗲𝗺 𝗺𝗮𝗸𝗲𝘀 𝟭𝟬𝟬%.

𝗧𝗵𝗲𝗻 𝘄𝗵𝗮𝘁 𝗺𝗮𝗸𝗲𝘀 𝟭𝟬𝟬%?

𝗜𝘀 𝗶𝘁 𝗠𝗼𝗻𝗲𝘆?
𝗡𝗢!

𝗠+𝗢+𝗡+𝗘+𝗬
𝟭𝟯+𝟭𝟱+𝟭𝟰+𝟱+𝟮𝟱
= *𝟳𝟮%*

𝗘+𝗗+𝗨+𝗖+𝗔+𝗧+𝗜+𝗢+𝗡
𝟱+𝟰+𝟮𝟭+𝟯+𝟭+𝟮𝟬+𝟵+𝟭𝟱+𝟭𝟰
= *𝟵𝟮%*

𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽?
𝗡𝗢!

𝗟+𝗘+𝗔+𝗗+𝗘+𝗥+𝗦+𝗛+𝗜+𝗣
𝟭𝟮+𝟱+𝟭+𝟰+𝟱+𝟭𝟴+𝟭𝟵+𝟴+𝟵+𝟭𝟲
= *𝟵𝟳%*

𝗘𝘃𝗲𝗿𝘆 𝗽𝗿𝗼𝗯𝗹𝗲𝗺 𝗵𝗮𝘀 𝗮 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻, 𝗼𝗻𝗹𝘆 𝗶𝗳 𝘄𝗲 𝗽𝗲𝗿𝗵𝗮𝗽𝘀 𝗰𝗵𝗮𝗻𝗴𝗲 𝗼𝘂𝗿

*𝗔𝗧𝗧𝗜𝗧𝗨𝗗𝗘*...

*𝗔+𝗧+𝗧+𝗜+𝗧+𝗨+𝗗+𝗘* = 𝟭+𝟮𝟬+𝟮𝟬+𝟵+𝟮𝟬+𝟮𝟭+𝟰+𝟱 = *𝟭𝟬𝟬%*

*𝗜𝘁 𝗶𝘀 𝘁𝗵𝗲𝗿𝗲𝗳𝗼𝗿𝗲 𝗢𝗨𝗥 𝗔𝗧𝗧𝗜𝗧𝗨𝗗𝗘 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝗟𝗶𝗳𝗲 𝗮𝗻𝗱 𝗪𝗼𝗿𝗸 𝘁𝗵𝗮𝘁 𝗺𝗮𝗸𝗲𝘀 𝗢𝗨𝗥 𝗟𝗶𝗳𝗲 𝟭𝟬𝟬% 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹.' ' '

_𝗧𝗵𝗶𝘀 𝗟𝗜𝗙𝗘 𝗺𝗮𝘁𝗵𝗲𝗺𝗮𝘁𝗶𝗰𝘀 𝗶𝘀 𝗔𝗠𝗔𝗭𝗜𝗡𝗚_

*𝗟𝗲𝘁'𝘀* *𝗰𝗵𝗮𝗻𝗴𝗲* *𝗼𝘂𝗿* *𝗔𝘁𝘁𝗶𝘁𝘂𝗱𝗲* *𝗼𝗳* *𝗱𝗼𝗶𝗻𝗴* *𝘁𝗵𝗶𝗻𝗴𝘀* *𝗶𝗻 𝗹𝗶𝗳𝗲* ✌️😊 Good morning 🌄, and do have a blissful week.

03/10/2024
Jack Ma the richest man in China said, "If you put the Banana and Money infront of a monkey. The monkey will choose Bana...
27/09/2024

Jack Ma the richest man in China said, "If you put the Banana and Money infront of a monkey. The monkey will choose Banana because the monkey don't know that money can buy alot of Bananas."
In fact, if you offer WORK and BUSINESS to people, they will choose to WORK because most people don't know that a BUSINESS can make more money than salary.
One of the reason the poor are poor is because the poor are not trained to recognise the entrepreneurial opportunity.
They spend alot of time in school and what they learn in school is work for a salary instead of working for themselves.
Profit is better than wages because wages can support you, but profits can make you a fortune.

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