The rate of photosynthesis increases until factors become limiting if carbon dioxide concentration is increased, the rate increases further, and then another factor becomes limiting.
Factors that interact in limiting the rate of photosynthesis include light intensity, carbon dioxide concentration, temperature, and water availability.
The law of limiting factors states that each factor does not work in isolation, several factors may interact, and it may be any one of them that is limiting photosynthesis.
The graph shows how carbon dioxide concentration and temperature interact with the effect of light intensity on photosynthesis: the rate of photosynthesis increases until factors become limiting.