Final answer:
The sentence is part of an English grammar or sentence structure question, highlighting the use of 'however' as a conjunctive adverb and describing personal preference and cost with the phrases 'My favorite' and 'quite expensive'.
Step-by-step explanation:
The sentence "My favorite store is Lola's; however, it is quite expensive." seems to be the focus of a question pertaining to grammar or sentence structure in the English language. In this sentence, "My favorite" would likely refer to the part of the sentence that is expressing personal preference. "However" is a conjunctive adverb used to show contrast between two independent clauses. Finally, "quite expensive" is the phrase that qualifies the cost of the items at the store, indicating that they are significantly high.