Which statement is false?

A) The supply of urban land increases in response to increases in demand.
B) Most economists think rent should be abolished.
C) Pierre-Joseph Proudhon and Henry George took similar stands on rent.
D) Economic rent is the payment above the minimum necessary to attract a resource to the market.

Urban Land

Urban land is designated areas in cities and towns used for residential, commercial, industrial, or recreational purposes.

Economic Rent

Represents the payment to an owner or factor of production in excess of the costs needed to bring that factor into production. In simpler terms, it's the extra income earned because of an owner's unique position or resource.