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 Empire of Mali was one of the largest empires in West African History, and at its height it spanned from the Atlantic Coast to central parts of the Sahara desert . The Empire was founded in 1235 CE by the legendary King Sundiata , and lasted until the early 1600s CE .