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.
The modern day countries that are located within the Mali empire  are Mali, Mauritania, Niger, The Gambia, Guinea, Ivory Coast,  Senegal and Burkina Faso. The Mali empire ex â¦ isted from the mid 13th  century to the early 17th century. Answered.