Anytime you multiply or divide both sides of the inequality, you must “flip” or change the direction of the inequality sign. This means that if you had a less than sign <, it would become a greater than sign >. Likewise, if you started with >, it would become <.
The options you gave are extremely confusing, but if you round 7.9 it is 8, and if you round $3.89 it is $4. Therefore, the best estimate would be 8•$4, or $32