1. The following graph shows the effect of an import tax by the U.S. on Shirts from China. S P $24 4 $20 $14 D D .. ..... Q 2 4 8 10 Q China U.S. In this partial equilibrium framework, the net welfare effect felt by U.S. with this trade policy is a. $24 b. $-$8 c. $16 d. $32