The Tea Act of 1773 actually reduced the price of tea to colonial consumers.

Name: The Tea Act of 1773 actually reduced the price of tea to colonial consumers.
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The Tea Act of 1773 allowed the British East India Company to sell tea directly to the colonies, effectively cutting out the middlemen who previously sold the tea in the colonies. This resulted in a lower price for colonial consumers, making the tea cheaper than smuggled Dutch tea.

The Tea Act of 1773 Actually Reduced the Price of Tea