3. Which of the following situations describes an equilibrium? Web does not?I If the situation does not describe an equilibrium what would an equilibrium look like? a} Many people regularly commute from the suburbs to downtown Corvallis on Saturday mornings to shop the Farmers Market. Due to traffic congesiion the nip takes 313 minutes when you travel by highway but only 15 minutes when you go by side siIeets. b} Consider two beef cattle operations, A and B, situated within a mile of each other in die state of |Dragon. They hold an annual bull sale every year and the bulls from both of the farms are of similar quality. However, Ranch A usually does not attract lots of buyers while Ranch B is inundated with buyers every year