Which best explains why Parliament repealed the Stamp Act in 1766?

Colonists boycotted British goods in protest against the Stamp Act, reducing trade and hurting British merchants and manufacturers. Pressure from those economic interests helped persuade Parliament to repeal the act in 1766. Parliament did not accept the colonists’ claim that it lacked authority to tax them; it passed the Declaratory Act at the same time, asserting that authority.

AI-written and checked against the verified answer.