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The law of demand is a fundamental principle in economics, but it's important to recognize that there are exceptions where the relationship between price and quantity demanded doesn't hold. Veblen goods (luxury items) and Giffen goods (inferior goods) are examples where demand may increase with price. Additionally, in situations of speculation or emergency, consumers may behave irrationally, leading to deviations from the law of demand.
Consider the following statements about Interest Equalisation Scheme:
1. It provides pre- and post-shipment export credit to exporters in rupee...
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