What document urged the King to redress colonial grievances while recognizing Parliament's authority to regulate commerce?

The document that urged the King to redress colonial grievances while also recognizing Parliament's authority to regulate commerce is the Olive Branch Petition. This petition was drafted by the Second Continental Congress in 1775 and presented to King George III in an effort to reach a peaceful resolution to the growing tensions between the colonies and Great Britain.

In the petition, the colonists expressed their loyalty to the crown but sought to address their complaints regarding British policies that they felt were unfair. The document acknowledged Parliament's right to regulate trade but requested that the King intervene to alleviate the colonies' grievances stemming from taxation and military aggression.

This balance of recognizing Parliament’s authority while seeking relief highlights the colonists' initial desire for reconciliation rather than outright rebellion, making it a critical moment in the lead-up to the American Revolution. The other options presented do not fit this description. The Declaration of Rights and Grievances outlined colonial rights but did not address the King directly, and Common Sense called for independence from Britain. The Articles of Confederation were not related to this context, as they served to establish a framework of government after independence was declared.