Q.4 Calculate (i) Laspeyre's (ii) Paasche's and (iii) Fisher's price index number for 2020 from the given data, using 2018 as the base period. Prices Quantities Commodity 2018 2020 2018 2020 Ghee 140 260 70 120 Rice 75 160 60 80 Sugar 65 100 120 180 Wheat 35 70 180 240 b) Prove that Fisher's Ideal Index number satisfies the factor reversal test.

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