Mass Transfer
If a two phase system is in physical equilibrium; then it means that, the

Escaping tendency of each component from the liquid phase to the vapor phase is exactly equal to that from vapor phase to liquid phase
All of these
Temperature of the liquid phase is equal to that of the vapor phase
Total pressure throughout the liquid phase is equal to that throughout the vapor phase

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Mass Transfer
When the liquid phase and vapour phase of a binary system obeys Raoult's and Dalton's law respectively, the relative volatility is the ratio of

Vapour pressure of component A to the partial pressure of A
Partial pressure of component A to the total pressure
Vapour pressure of component A to the total pressure
Vapour pressure of component A to that of component B

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