$[3$ points$]$ The $($absolute$)$ elasticity of demand in the condo rental market is $9\mathrm{.}5.$ The condo rental market is a constant cost, perfectly competitive market with identical firms. When the government imposes a $$500$tax on condo rentals we would expect market rental price to $q,$ in the short$-$run and per$-$period tax revenue to be $q,$ in the short$-$run compared to the long$-$run.

A$.$ increase; lower

B$.$ increase; higher

C$.$ could increase or decrease; lower

D$.$ couphincrease or decrease; higher

E$.$ decrease; lower

$|Ed|=1\mathrm{.}5$