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Lily, Lena, and Liam are a family and all of them love chocolate. They consume pounds of chocolate all day every day! Every time when
Lily, Lena, and Liam are a family and all of them love chocolate. They consume pounds of chocolate all day every day! Every time when they crave for chocolate, they always visit the famous Charlie's chocolate factory which has a supply of = 6 . Lily's demand for chocolate is = 6 . Lena's demand for chocolate can be sketched as = 6 1 , and Liam's demand is = 6 1 . The three of them are the only consumers at Charlie's chocolate factory and altogether they form the entire market. What's the equilibrium price and quantity of chocolate
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