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.
Definition. City on the Niger River in the modern country of Mali. It was founded by the Tuareg as a seasonal camp sometime after 1000. As part of the Mali Empire, ________ became a major terminus of the trans-Saharan trade and a center of Islamic learning.