TASK DEFINITION: In this task, you're given a statement and three sentences as choices. Your job is to determine which sentence can be inferred from the statement. Incorrect choices change the meaning in important ways or have details that are not mentioned in the statement. Indicate your answer as 1,2, or 3 corresponding to the choice number of the selected sentence.
PROBLEM: Statement: For each US household can compute an estimate of its own-price and crossprice elasticities of demand and the expenditure elasticity of demand. Choices:  1. Every us household can estimate its own price and crossprice of demand and expefenture elasticity on demand  2. No household can estimate its own price  3. Households all estimate cost 

SOLUTION: 1

PROBLEM: Statement: You see, she explained to Jane, "if they think we're going to Sir James, this will put them off the scent. Choices:  1. You see, they will likely follow the red herring, and fall off our trail. 2. You see, there is no way they could lose our trail. 3. You see, if they imagine we're visiting Sir James, they will lose our trail.

SOLUTION: 3

PROBLEM: Statement: 4) Except for the barcode discount, Periodicals rates are not based on shape or machinability. Choices:  1. Book rates are based on shape 2. Book rates aren't based on shape or machinability  3. Book rates vary 

SOLUTION:
2