Annabelle typically drives her car to work. but she only lives one mile from work and is willing to ride her bike instead. if the price of a bike falls, what would happen in the market for cars?

What would likely be an answer to the question is that if the bike has decreased in regards to its price, then the demand for cars would likely be decreased. It is because of the fact that the car has been substituted to another thing which is more cheaper than the car which makes the car to have a decreased in demand.