Does BICYCLE or PEDESTRIAN have RIGHT OF WAY?

Does BICYCLE or PEDESTRIAN have RIGHT OF WAY?

While driving to a park today, an interesting situation came up. Along both sides of the road, that leads only to the park so there's not much traffic, there is an unmarked shoulder lane that is used by bicyclists. Since there are no sidewalks, pedestrians also use it to walk to and from the park.

Here's where the situation happened.

A bicyclist was bicycling in the lane in the same direction of traffic, as required by law.

A pedestrian was also walking in the same lane, facing traffic, as they are supposed to.

As they approached each other, they each stopped, trying to figure out what to do. After a few seconds, the pedestrian stepped onto the grass, letting the bicyclist pass.

Question: What should happen in this situation, noting that both are doing the right thing?

What would you do in this situation if you were the bicyclist? the pedestrian?

Does BICYCLE or PEDESTRIAN have RIGHT OF WAY?
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