the quantity demanded exceeds the quantity supplied by 75. The price will eventually rise to $25 where quantity demanded will equal quantity supplied.

the demand exceeds the supply of tote bags by 55. Some consumers will have an incentive to offer to buy tote bags at a higher price.

there is a shortage, equal to 55 tote bags, that will be eliminated when the price rises to $25.

there is a shortage equal to 55 tote bags; the price of tote bags will rise until demand is equal to supply.