IDNLearn.com: Your one-stop destination for finding reliable answers. Discover prompt and accurate answers from our experts, ensuring you get the information you need quickly.

The market share of Galaxy Industries' main product increased by 16 percentage points last year. If the share changed from
40 to 56 percent of the total market, what was the actual percent change in the market share?
A. 40% increase
B. 40% decrease
C. 60% increase
D. 60% decrease