This sentence has been split into four parts, and we need to check each part for a grammar or usage error. The most common trap in such questions is a redundant phrase, where two words repeat the same meaning.
The error lies in part (a), "The mutual co-operation", because "mutual" is redundant when used with "co-operation".
Let's summarize:
So the correct option is (a), "The mutual co-operation".
If the price of a commodity increases by 25%, by what percentage should the consumption be reduced to keep the expenditure the same?