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.
Mansa Musa. Perhaps the most famous of the Mali Emperors was Mansa Musa. Mansa Musa became famous because of his lavish trip to Mecca in Saudi Arabia. Mecca is the holy city of the Muslims and Mansa Musa decided to make a pilgrimage to Mecca in 1324.