1. Theodore Roosevelt once said, \"There is no moral difference between gambling at cards or in lotteries or on the racetrack and gambling in the stock market.\" What social purpose do you think is served by the existence of the stock market? (10 pts; min 150 words] 2. Consider the market for rubber bands. a. If this market has very elastic supply and very inelastic demand, how would the burden of a tax on rubber bands be shared between consumers and producers? Use the tools of consumer surplus and producer surplus in your answer. [6 pts; min 80 words) b. If this market has very inelastic supply and very elastic demand, how would the burden of a tax on rubber bands be shared between consumers and producers? Contrast your answer with your answer to part [a]. (6 pts; min 80 words)