Which statement is true?

A) All land has the same value.
B) The supply of land rises with demand.
C) Land is most efficiently used in rural areas.
D) The rent on a particular piece of land is based on the supply of lanD.
E) The supply of urban land rises with increases in demand.

Urban Land

Land located within a city or town boundary, typically characterized by higher population density and infrastructure development compared to rural areas.

Rent

A periodic payment made by a lessee to a lessor for the use of land, buildings, or other property.

Supply

The total amount of a specific good or service that is available to consumers at current prices.