Help CenterYes you can, please be aware of the wording though. Archive makes it seems like your book will be archived and not for sale anymore, that is not true.
If you put your mouse over the ... on the book, and click "Archive Title" it takes it off the default view of your bookshelf, but it is still being sold on Amazon. If you want to see any of your Archived Books, you click the drop down menu under "View", change it from "Your Titles" to "Archived Titles". Remember this does not remove your book from Amazon. See this article for an explanation (You may have to login to the KDP Dashboard to view).
To stop selling your book on Amazon, login to the KDP Dashboard and click "Bookshelf" find the book you want to unpublish.
On the right hand side put your mouse over the ... on the right side, click"Unpublish Print Book", in a short time it will be took off Amazon for sale. Could be a few days.
The only good time I see using archive, is if you did unpublish a book first, then you click archive, so you don't see it on your bookshelf anymore in the default view.
If you do want to see it later, when in your bookshelf, click "Your Titles" under View and pick archived titles.