he main factors that affect the consumers expenditure are level of income, price of the good or service, the price of substitute and complement goods, consumer tastes and preferences and advertising. and services
Katherine Ly- Economics There are several factors that affect the individual’s demand for goods and services. The main factors that affect the consumer’s expenditure are level of income, price of the good or service, the price of substitute and complement goods, consumer tastes and preferences and advertising. An individual’s level of income is one of the main factors that affects the individual’s demand for goods and services. As an individual earns a higher income, they tend to buy more items and, items of a higher quality as they have more money to spend. If the