Which of the following best explains why Parliament repealed the Stamp Act in 1766?

Colonists boycotted British goods and organized protests against the Stamp Act, reducing sales and harming British merchants and trade. This economic pressure helped persuade Parliament to repeal the act in 1766. Parliament did not agree that the tax was unfair; it passed the Declaratory Act at the same time to assert its authority to tax the colonies.

AI-written and checked against the verified answer.