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 takes eighth place in terms of largest countries in Africa, with an area of 1,240,192 square kilometers. Mali is located in West Africa, and its capital is in Bamako. The population of Mali is about 13.5 million.had is in fifth place for largest African countries by area, with a total area of about 1,284,000 square kilometers. Chad is centrally located in Africa, and its capital is N'Djamena. The population of Chad is about 10.1 million.