Revenue Demand And Peasant Debt

Bad Debts

Which of the following statements about Permanent Settlement are correct? 1. It conferred proprietary rights to peasants. 2. The Zamindars were recognized as the proprietors of land. 3. The government permanently fixed the land revenue demand. 4. The Zamindars, acted as the middlemen between the peasants and the government. Select the correct answer using the code given below:

If the average revenue is 45 and elasticity of demand is 5 then marginal revenues is….…