Question

"...But if you'll unwrap that package you may see why you had me going a while at first." White fingers and nimble tore at the string and paper. And then an ecstatic scream of joy; and then, alas! a quick feminine change to hysterical tears and wails, necessitating the immediate employment of all the comforting powers of the lord of the flat. What can the reader infer about Della’s reaction to opening her gift? Della was so excited to have the combs she had wanted, that she momentarily forgets she has cut her hair. She cries as she realizes she will not be able to use them. Della excitedly opens her gift, and cries tears of joy when she realizes what Jim has bought for her. Della is at first excited to have the combs, then she cries because she knows they have cost Jim too much. Della is happy about receiving the gift, but she is worried that Jim will not be able to forgive her.

Answer 1

Della cut her hair, and sold it to buy a chain for Jim's watch. Jim, sold his watch to buy Della combs for her hair. The answer should be Della was so excited to have the combs she had wanted, that she momentarily forgets she has cut her hair. She cries as she realizes she will not be able to use them. 
The other answers don't really fit in with the story.
Hope this helps!:)

Answer 2

Della was so excited to have the combs she had wanted, that she momentarily forgets she has cut her hair. She cries as she realizes she will not be able to use them.