Which of the following statements is NOT true regarding the Tea Act of 1773?
A) The Tea Act was passed by the British Parliament to rescue the struggling British East India Company.
B) The Tea Act granted the British East India Company a monopoly on tea sales in the American colonies.
C) The Tea Act led to the famous Boston Tea Party on December 16, 1773.
D) The Tea Act lowered the price of tea for American colonists, making it more affordable than smuggled tea.