Theres a part 2

6. (4 Points) Assume the diagram below illustrates the domestic market for textiles in the United States. Use the diagram to answer the following questions. Price of textiles [S] Domestic Supply S $7 P N $5 K $3 , World Price G Domestic Demand Quantity of textiles a. As compared to the situation where the US does not trade textiles with the rest of the world, what letter[s] in the diagram [if any] represent[s] the gain in US consumer surplus [CS]? b. As compared to the situation where the US does not trade textiles with the rest of the world, what letter[s] in the diagram [if any] represent[s] the change in US producer surplus [PS]? c. As compared to the situation where the US does not trade textiles with the rest of the world, what letter[s] in the diagram [if any] represent[s] the transfer of surplus from US producers to US consumers