Let the original length and width of the glass be L and W, respectively.
The cost of the glass is directly proportional to its length and inversely proportional to its width. Thus,
\[ C \propto \frac{L}{W} \]
When the length is increased by 40%, the new length becomes:
\[ L_{new} = 1.4L \]
Let the new width be \( W_{new} \). If the new cost becomes twice the original cost, we have:
\[ 2C = \frac{1.4L}{W_{new}} \]
Since the original cost is \( C = \frac{L}{W} \), equating the two costs:
\[ 2 \times \frac{L}{W} = \frac{1.4L}{W_{new}} \]
Simplifying,
\[ \frac{2}{1} = \frac{1.4W}{W_{new}} \]
Solving for \( W_{new} \):
\[ W_{new} = \frac{1.4W}{2} = 0.7W \]
The new width is 70% of the original width. Thus, the width is decreased by:
\[ 100\% - 70\% = 30\% \]
Conclusion: The width should be decreased by 30%.
The correct answer is: (b) 30%.