Step 1: Understanding strain components.
- Longitudinal strain:
\[
\epsilon_L = \frac{p d}{4 t E} (1 - 2\nu)
\]
- Volumetric strain:
\[
\epsilon_V = 3 \epsilon_L
\]
Step 2: Taking the ratio.
\[
\frac{\epsilon_L}{\epsilon_V} = \frac{(m - 2)}{(3m - 4)}
\]
Step 3: Selecting the correct option.
Since the correct ratio is \( \frac{(m - 2)}{(3m - 4)} \), the correct answer is (C).