Question 5 4 pts If the government wants to reduce the quantity consumed of a particular product, hGW many of the following policies would achieve this goal? - Decreased regulations, making it easier for rms to enter the market. - Increased patent enforcement, changing the market from a perfectly competitive market to one with strong entry barriers and forcing many rms to exit the industry due to intellectual property concerns. - Assuming the market is perfectly competitive, a binding price floor. Note: a price ceiling or price floor is binding if the market moves from the competitive equilibrium. C} A. 1 of the policies will result in a reduction in the quantity consumed. Q B. 2 of the policies will result in a reduction in the quantity consumed. {i} C. 3 of the policies will result in a reduction in the quantity consumed. C} D. None of the above policies will result in a reduction in the quantity consumed