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 a landlocked nation in West Africa, located southwest of Algeria, extending south-west from the southern Sahara Desert through the Sahel to the Sudanian savanna zone. Mali's size is 1,240,192 square kilometres. Desert or semi-desert covers about 65 percent of Mali's area. The Niger River creates a large and fertile inland delta as it arcs northeast through Mali from Guinea before turning south and eventually emptying into the Gulf of Guinea. The Niger (with 1,693 kilometers in Mali) and Senegal are Maliâs two largest rivers.