e 3. Suppose a bumper crop of oranges in Florida drove down orange prices. As juice makers costs fell, they cut prices by about 15%. Value oriented customers were tempted to buy more orange juice. In fact, the unit volume of frozen juices rose by about 6%. a. Given these numbers, and assuming there were no changes in demand shifters for frozen orange juice, what was the price elasticity of demand for frozen orange juice? b. What do you think happened to total spending on frozen orange juice? Why