I'm not suggesting the govt get involved in any way. My point is that a market normally adjusts to shortages (excess demand) by raising price. The gov doesn't do this. The competitive market does it. It's old Adam Smith's invisible hand principle.

Higher prices reduce incentives to consume and increase incentives to produce. At some point prices adjust to equate what consumers are willing to buy with what producers are willing to sell. No more shortage. No govt. involved in this at all. This is simply Econ 101.