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.
LOCATION AND SIZE. Mali is a landlocked country in West Africa covering an area of 1.24 million square kilometers (478,764 square miles), of which 1.22 million square kilometers (471,042 square miles) is occupied by land and 20,000 square kilometers (7,722 square miles) is occupied by water.OCATION AND SIZE. Mali is a landlocked country in West Africa covering an area of 1.24 million square kilometers (478,764 square miles), of which 1.22 million square kilometers (471,042 square miles) is occupied by land and 20,000 square kilometers (7,722 square miles) is occupied by water.