A price ceiling of $7.50 is imposed by the government. Which of the following statements is false? Market for used DVDs Price ($/DVD) 2 4 6 8 10 12 14 16 18 20 22 24 26 Quantity (DVDs/week) O In general, CS may rise, fall or stay the same after a price ceiling. In the above scenario, it rises by $4. Producers will be willing to pay up to $12 to get rid of the ceiling. O The post ceiling equilibrium is inefficient. It creates a dead weight loss (DWL) equal to AT LEAST $8. O The post ceiling equilibrium is inefficient, It creates a dead weight loss (DWL) equal to AT MOST $8. O After the price ceiling ES falls by $8. After the price ceiling the new CS equals $8.50. O After the price ceiling PS falls by $12