Imagine producers of textiles (used for the production of clothes) of a country go to their government and demand an doubling of the already existing 25% import tariff on textiles. Business economists, however, warn against it pointing out that the import tariff is a protectionist barrier with negative overall effects on the home economy. What are the price, quantity and welfare effects of a doubling of the existing 25% import tariff in the domestic economy? Examine these effects using an appropriate graph. What could be indirect effects?