Answer:
Colonial merchants could not sell their tea for less than the British East India Company.
Explanation:
The correct option is A. Colonial merchants could not sell their tea for less than the British East India Company was a result of the Tea Act of 1773.
An act to permit the drawback of customs duties on tea exports to any of His Majesty's colonies or plantations in America, to raise the deposit required for bohea tea to be sold at India Company sales and to give the Treasury Commissioners the authority to authorize the export of tea by the East India Company.
Various stipulations were included in the statute, including In order to export tea to North America, The East India Company was given permission. Their obligation to offer their tea for sale at the London Tea Market was ended. When tea was exported, neither tariffs were applied nor reimbursed on shipments to North America and other foreign countries.
The British Parliament passed the Tea Act in 1773 in an effort to salvage the struggling business. The law gave the firm the freedom to appoint agents who would have the exclusive right to sell tea in the colonies, as well as the freedom to send its tea straight to the colonies rather than landing it first in England.
Learn more about the Tea Act of 1773 here:
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