Make standard assumptions. including all markets in this question are perfectly competitive. and unless otherwise stated. no curve is perfectly vertical or horizontal. To keep t. a person can either ride a stationary bike at an indoor health club or ride an actual bicycle outside. Assume that a global pandemic increases the likelihood of catching a potentially fatal illness when exercising indoors. What is the predicted effect of this on the price and quantity in the market for new bicycles? 0 Price increases, Quantity increases, 0 Price increases. Quantity decreases. 0 Price decreases. Quantity increases. 0 Price decreases. Quantity decreases. 0 Price may increase or decrease. QuanLity may increase or decrease