$\backslash$table$[[\backslash$table$[[$Price$],[($$$/$ lb$.)]],\backslash$table$[[$Quantity demanded$]],\backslash$table$[[$Quantity supplied$],[($lbs$.)]]],[10,30,000,5,000],[25,25,000,10,000],[\mathrm{.}50,20,000,20,000],[\mathrm{.}75,15,000,30,000],[\mathrm{.}95,5,000,40,000]]$

Suppose that the table above shows the demand and supply schedules for pork bellies. Which of the following statements is true?

There would be a surplus of pork bellies if the price were $50$ cents per pound.

There would be a shortage of pork bellies if the price were $50$ cents per pound.

There would be a shortage of pork bellies if the price were $25$ cents per pound.

There would be a surplus of pork bellies if the price were $25$ cents per pound.