After King George III rejected the Olive Branch Petition, Parliament passed the Prohibitory Act, which closed American ports to overseas trade.
addressed the colonists’ most significant complaints.
called on British forces to attack the colonies.
stopped the British Navy from seizing American ships.

What do sellers do if they expect the price of goods they have for sale to increase dramatically in the near future? store the goods indefinitely regardless of when the price rises store the goods until the price rises and then try to sell them sell the goods now and try to invest the money instead of resupplying sell the goods now but try to get the higher price for them