Conventional price elasticity of demand is a simplistic and elementary formula that has mathematical and economic deficiencies when applied to price (rates) and demand (balances) of deposit products: It does not recognize inverse relations between price and demand.
At its peak in 1300, the Mali Empire covered an area about twice the size of modern-day France and stretched to the west coast of Africa. In the late 19th century, during the Scramble for Africa, France seized control of Mali, making it a part of French Sudan.
Mali is an African country, located in West Africa. Mali is bordered by Senegal and Mauritania to the west, Algeria on the north, Niger on the east, and Burkina Faso, Cote d'Ivoire, and Guinea to the south. Northern Mali is situated in the southern Sahara Desert and is a landlocked country. The coordinates of Mali are between latitudes of 10Â° and 25Â°N, and longitudes 13Â°W and 5Â°E.